Budget revenue in Ukraine grows by 18% in Jan-July

REUTERS Ukraine&#39;s national budget revenue in January-July 2018 grew by 18% year-over-year (y-o-y), to UAH 415 billion, or US$15.4 billion. Read alsoUkraine&#39;s fiscal service boasts US$112 mln recovered in counter-smuggling effort "Some UAH 470.3 billion [$17.5 billion] in payments was channeled into the national budget&#39;s general fund over the period under review, which was UAH 58 billion [$2.2 billion] more than for the corresponding period last year. Since the beginning of the year, UAH 291.1 billion [$10.8 billion] in tax payments has been transferred to the budget&#39;s general fund, which was UAH 41.7 billion [$1.6 billion] up y-o-y," the State Fiscal Service of Ukraine (SFS) said in a statement on August 2. The SFS added that revenue from customs payments in the first seven months of 2018 rose by UAH 16.3 billion ($606.6 million) y-o-y, to UAH 179.2 billion ($6.7 billion). "In July, the national budget&#39;s general fund received UAH 54.9 billion [$2 billion], which was UAH 11.3 billion [$420.5 million] up from July 2017. In particular, the budget saw UAH 25.8 billion [$960 million] in tax payments and UAH 29.1 billion [$1 billion] in customs payments," the report said. As UNIAN reported earlier, UAH 3 billion, or $111 million, in additional income was transferred to the national budget in July 2018 from the implementation of measures to combat smuggling at Ukraine&#39;s customs. UNIAN memo. The national budget of Ukraine for 2018 sets a goal of UAH 917.9 billion ($34.2 billion) in revenue and UAH 991.7 billion ($36.9 billion) in expenditures. The budget deficit is capped at UAH 80.6 billion ($3 billion), or 2.4% of GDP.

Budget revenue in Ukraine grows by 18% in Jan-July

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