State budget’s general fund received UAH 57.6B in January – Finance Ministry

State budget’s general fund received UAH 57.6B in January – Finance Ministry

Ukrinform
In January 2021, the general fund of the state budget received UAH 57.6 billion, which is 106.5% of the target for this period, the press service of the Finance Ministry reports referring to data provided by the State Treasury Service.

At the same time, revenues from the payments controlled by the State Tax Service amounted to UAH 33.3 billion, or 111.4%, which is UAH 3.4 billion more than the January target. A total of UAH 13.0 billion of value added tax was reimbursed from the budget.

The main payments that contributed to overfulfillment were: value added tax (+UAH 2.9 billion), the revival of consumer demand in December 2020, improved administration, and rent for subsoil use (+UAH 0.4 billion).

Revenues to the general fund of the state budget from customs payments amounted to UAH 22.1 billion, or 100.4% of the target for January. Of the total amount, almost UAH 20.5 billion came from VAT payments, UAH 1.5 billion - from import duty payments.

According to the latest data provided by the State Treasury Service, in January 2021, expenditures on the general fund of the state budget amounted to UAH 68 billion, or 84.2% of the January target. At the same time, social expenditures, defense expenditures, debt service and subventions, and subsidies to local budgets were fully funded.

In January, the deficit of the state budget amounted to UAH 4.9 billion, including the deficit of the general fund - UAH 10.3 billion, with the general fund totaling UAH 26.7 billion for the reporting period.

Actual government borrowings to the general fund of the state budget in January 2021 amounted to UAH 36.9 billion, or 71.3% of the target for this period. A total of UAH 36.9 billion was raised from the placement of domestic loan bonds, including UAH 1.4 billion in foreign currency (USD 48.2 million).

At the same time, UAH 23.6 billion was paid to repay public debt (99.2% of the target) and UAH 5.7 billion was paid to service public debt (96.2% of the target).

As reported by Ukrinform, the general fund of the state budget received UAH 877.6 billion in 2020, which is 102.2% of the target plan.

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