Economy

There is a shortage in the State Budget of Ukraine

The balance of money in the single treasury account of the Cabinet of Ministers decreased from UAH 51,7 billion to UAH 45,7 billion as of August 1

 Receipts to the state budget for January-August amounted to 96,2% of the plan, or UAH 688,6 billion. This was reported by the State Treasury Service of Ukraine on Tuesday, September 1. This is UAH 20 billion less than the planned indicator, corrected in April.

At the same time, state budget revenues for eight months were 2,5% higher than last year's figure. In August, the state budget revenue plan was exceeded by 15,2%. Compared to August 2019, revenues increased by 14,8% to UAH 100,2 billion. The balance of money in the single treasury account of the Cabinet of Ministers decreased from UAH 51,7 billion to UAH 45,7 billion as of August 1. 

We remind you that at the end of seven months of 2020, the deficit of the state budget of Ukraine amounted to UAH 51,2 billion, including the general fund — 57 billion UAH against the plan of 100,8 billion UAH.

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