State budget revenues grew by 7.6% last year – Finance Ministry

State budget revenues grew by 7.6% last year – Finance Ministry

Ukrinform
In 2019, the state budget of Ukraine received UAH 998.3 billion in revenues, which is 7.6% more than in 2018, according to the press service of the Finance Ministry of Ukraine.

"The state budget in the reporting period was fulfilled by 99.1% of the annual indicator approved by the Verkhovna Rada with amendments ... In general, the state budget revenues in 2019 increased by 7.6% compared to 2018 and amounted to UAH 998.3 billion," the statement reads.

The Finance Ministry notes that in 2019 there were several factors that did not allow fulfilling the planned revenue indicators. The key factors were the strengthening of hryvnia, resulting in decreased customs revenues, a slower increase in imports (in particular due to lower prices for natural gas and petroleum products), a decrease in the production of tobacco products, and lower volumes of natural gas production.

In general, the state budget deficit in 2019 was kept within the limit approved by the Law “On the State Budget of Ukraine for 2019”, and the public debt in relation to GDP was reduced (below 50% of GDP according to preliminary estimates).

ish

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-