Ukraine's budget revenue 3% below target in Jan-March 2018

Ukraine's national budget in January-March 2018 received UAH 193.568 billion in revenue, which was 3.1% below the planned figure.

The state budget revenues over the period under review grew by UAH 18.811 billion, or 10.8%year-over-year (y-o-y), the State Treasury Service of Ukraine reports.

Local budgets posted UAH 53.031 billion in revenue in January-March 2018, which exceeded the target by 100% and was 21.6% up y-o-y.

Read alsoUkrainian Treasury's balance down 16% in MarchThe State Treasury said the report on state budget implementation in terms of revenues is posted on the web portal daily, for the previous banking day.

UNIAN memo. The national budget of Ukraine for 2018 provides for UAH 917.9 billion ($34.4 billion) in revenue and UAH 991.7 billion ($37.2 billion) in spending. The budget deficit is capped at UAH 80.6 billion ($3 billion), or 2.4% of GDP.