Ukraine's state budget could be revised after Q1, 2021 - Shmyhal

Ukraine's state budget could be revised after Q1, 2021 - Shmyhal

Ukrinform
Ukraine's state budget for 2021 could be revised after the first quarter of 2021, Prime Minister Denys Shmyhal has said.

According to an Ukrinform correspondent, he said this at a government meeting on Wednesday, December 23.

"An important philosophy of this budget [for 2021] is that it remains realistic and balanced. If we see an increase in the implementation of state revenues, the budget could then be revised after the first quarter," Shmyhal said.

In particular, according to him, the state budget could be reviewed in terms of increasing some social benefits.

"That is, all the money that we, as a state, earn above the target will be spent on salaries and social benefits," Shmyhal said.

On December 15, the Verkhovna Rada approved Ukraine's state budget for 2021, with revenues projected at UAH 1.092 trillion, expenditures at UAH 1.328 trillion, and the budget deficit at 5.5% of GDP.

op


Let’s get started read our news at facebook messenger > > > Click here for subscribe

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.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-