Photo from UNIAN The deficit of Ukraine&#39;s national budget in the first quarter of 2019 (Q1) was estimated at UAH 25.3 billion, or US$938 million, which was by 23%, or UAH 4.7 billion ($174 million), up year-over-year (y-o-y). The deficit in Q1 2019 accounted for 28% of the approved annual figure at UAH 90 billion ($3.3 billion), according to a report by the Ukrainian Finance Ministry, referring to the operational data of the State Treasury Service. The deficit was financed by government borrowing, the ministry said. It is noted that the national budget received UAH 87.3 billion ($3.2 billion) from the placement of government bonds, including UAH 57.3 billion ($2.1 billion), $1 billion and EUR 38.7 million. Read alsoFunds in Ukrainian Treasury&#39;s account almost double as of April 1 In addition, funds were received from the second tranche of a EUR 529.2 million loan guaranteed by the World Bank and from the additional placement of government bonds worth $350 million. Privatization receipts amounted to UAH 184 million ($6.8 million), which accounted for 3% of the budget targets. As UNIAN reported earlier, Ukraine&#39;s national budget in January-March 2019 received UAH 210.508 billion ($7.8 billion) in revenue, which was 4.9%, or UAH 10.909 billion ($404 million) below the planned figure. The national budget of Ukraine for 2019 set a target of UAH 1.026 trillion ($38 billion) in total revenue and UAH 1.112 trillion ($41 billion) in expenditures. The budget deficit was capped at UAH 89.989 billion ($3.3 billion).