Ukrainian Treasury's balance grows to US$1.73 bln as of July 1

REUTERS

The balance of funds in the single account in June 2017 grew by 3.2 times from the beginning of 2017 year-over-year, and by 2.5 times against the figure as of July 1, 2016.

Read alsoFiscal Service expects 28% increase in tax revenues in UkraineAs UNIAN reported earlier, the balance of assets in the account on June 1, 2017, amounted to UAH 43.872 billion ($1.68 billion), which was 41.2% up, or UAH 12.801 billion ($492 million), against May 1, 2017.

The balance of funds in the single treasury account is not a constant value. It is subject to increases due to revenues from taxes and other mandatory payments to the state and local budgets and subject to decreases amid budget spending peaks.