Ukraine sees over US$765 mln budget deficit in Jan-Feb

Photo from UNIAN The deficit of Ukraine&#39;s national budget in January-February 2020 was estimated at UAH 21.570 billion, or US$765.4 million, which was 1.6 times up from UAH 13.708 billion (486.4 million) in deficit reported year-over-year (y-o-y). The deficit of the country&#39;s consolidated budget over the period under review was UAH 2.548 billion (US$90.4 million) against UAH 4.718 billion (US$167.4 million) y-o-y, according to Ukraine&#39;s Treasury Service. Read alsoCabinet submits to Rada draft amendments to 2020 budget with deficit worth 6% of GDP As UNIAN reported earlier, the Cabinet of Ministers approved and submitted for consideration by the Verkhovna Rada, Ukraine&#39;s parliament, draft amendments to the 2020 national budget, suggesting a UAH 200 billion (US$7.1 billion) increase in the budget deficit, or up to 6% of GDP. The national budget for 2020 foresees UAH 1.096 trillion (US$38.89 billion) in revenue and UAH 1.182 trillion (US$41.94 billion) in spending. The budget deficit is capped at UAH 94.3 billion (US$3.35 billion), and the country&#39;s state debt is limited to UAH 2.363 trillion (US$83.85 billion).

Ukraine sees over US$765 mln budget deficit in Jan-Feb

Please Subscribe For Full Access

UNIAN Web subscription