As we approach 2025, nearly 400,000 citizens in Ukraine may lose their right to subsidies, leading to a reduction in overall spending by 7.6 billion hryvnias. At the same time, utility prices continue to rise, dealing a serious blow to the financial stability of families. Such data comes from a study by the Ukrainian Institute for the Future.
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Rising tariffs
In just the past year, utility tariffs have increased by 18.5%. The most striking rise has been in electricity prices, which have skyrocketed by 63.6%! Additionally, the cost of building management has risen by 9%, while waste disposal and home repair services have increased by 5.4% and 3.8%, respectively.
These changes could significantly undermine the financial stability of many families in Ukraine. In particular, the sharp rise in electricity costs poses a serious challenge, especially amid the reduction in subsidies and the increase in other utility prices.
Impact on families
The reduction of subsidies and rising tariffs create new challenges for Ukrainian families trying to survive in the context of the energy crisis. This burden on family budgets could lead to even greater social and economic issues.
For more details on developments in the energy sector and their impact on the daily lives of Ukrainians, read our analytical digest: Link to the digest.
