VAT Rate Increase to 16% Did Not Boost Budget Revenue, Says Deputy

Deputy Olga Perepyochina stated that raising the Value Added Tax (VAT) rate from 12% to 16% did not increase budget revenues as expected. She noted that the projected budget revenue for the current year was lowered, meaning next year's planned growth might not fully reflect actual revenue expansion. The deputy presented findings on the 2027-2029 republican budget draft.

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