The Ukrainian government provides the worst services in the world for price-quality
In terms of price-quality ratio, the Ukrainian government provides some of the worst public services in the world. If Ukraine reduced state spending from 45% of GDP (before the large-scale invasion) to 35%, it would result in an additional growth of 2.7% GDP per year. Is this a lot or a little? This would allow Ukraine to catch up with Poland in terms of living standards within 25 years. We talk about this in our new video.
More details on reforms can be found in the CASE Ukraine report "Economic Priorities for Post-war Ukraine": https://bit.ly/Economic_priorities_UA
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00:00 Introduction
00:25 Why the government cannot provide everything necessary?
01:08 Why entrepreneurs cannot fully replace the government?
02:50 Why more government spending equals less economic growth
04:20 How many services does the government provide
04:56 How much does the government spend in Ukraine
06:39 The golden mean between state and business services
10:27 The optimal level of government spending
10:55 Additional 2.7% GDP growth
11:53 How to reduce expenditures
14:01 Ukraine cannot afford large state expenditures
15:01 Reduce spending on officials
15:43 Reduce spending on the Pension Fund
16:03 Abolish high pensions for judges, prosecutors
17:52 How to reduce GDP redistribution by the state
#economy #budget #money
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