Ukrainian Treasury's balance down 16% in March

The balance of funds in the single account of Ukraine's State Treasury Service was estimated at UAH 8.309 billion (US$315.8 million) as of April 1, which was 16% down from the figure seen March 1, 2018.

The balance of funds in the single account as of April 1, 2018, shrank by 75% from the figure reported on April 1, 2017, having grown by 63% from the beginning of 2018, according to the website of Ukraine's State Treasury Service.

Read alsoUkraine's budget revenue below target by 5.8% in Feb-Jan 2018As UNIAN reported earlier, the balance of funds on the Treasury's single account was estimated at UAH 5.099 billion (US$193.8 million) as of January 1, 2018, which was 64.3% down from the figure as of January 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.