To support the army, citizens may be required to purchase government securities.
This was noted by the head of the Tax Committee of the Verkhovna Rada, Daniil Hetmantsev.
This initiative is planned to be implemented by adopting the experience of Israel, where such a practice already exists.
According to Hetmantsev, in the context of martial law, intensifying the placement of domestic government bonds is one of the few quick and accessible sources of funding for security and defense.
Moreover, there is potential for increasing the volume of placements among both banks and individuals. The demand for securities is partly driven by attractive interest rates. For instance, in October, the average yield on hryvnia government bonds reached 15.6%, which exceeded the projected inflation and devaluation. For the population, investments in bonds are even more appealing, as they are exempt from personal income tax (PIT) and military tax.
Hetmantsev believes that Ukraine should learn from the experience of countries like Israel, which has successfully defended its borders for over 70 years. In this context, he reminded that mandatory savings schemes were introduced in Israel decades ago, particularly for financing defense expenditures. One such tool was a long-term mandatory military position that helped secure the budget and support the army before and after the "Yom Kippur War" of 1973.
Hetmantsev also pointed out that Ukraine could introduce a similar mandatory savings scheme during martial law; however, a well-founded discussion is necessary for this. He added that although Ukraine already has a military tax (analogous to the Israeli military tax), these funding instruments operate under different mechanisms, and he proposes to implement mandatory purchases of military bonds, developing individual plans with the involvement of the Ministry of Finance and the National Bank.