ARMA transferred UAH 13M to state budget in Jan-Oct 2020

ARMA transferred UAH 13M to state budget in Jan-Oct 2020

In January-October 2020, the Asset Recovery and Management Agency (ARMA) transferred UAH 13 million in revenues from asset management to the state budget.

Vitalii Syhydyn, acting head of ARMA, said this in an interview with Radio Svoboda, Ukrinform reports.

"There is actually an asset management activity, these funds in any case immediately are transferred to the state budget. The budget received UAH 13 million during this period of 10 months. This is not the end of the year. However, this is more than, for example, last year from asset management (ARMA transferred UAH 10.94 million to the budget in 2019),” Syhydyn said.

He added that ARMA's budget for 2020 amounted to UAH 190.45 million. Syhydyn explained that part of ARMA's functions cannot be converted into income, for example, the work on asset search, including abroad, or current management activities.


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