Ukrainian Treasury's balance doubles in May

The balance of funds in the single account as of June 1, 2018, shrank by 73.7% from the figure reported on June 1, 2017.

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The balance of funds in the single account of Ukraine's State Treasury Service was estimated at UAH 11.489 billion (US$439.9 million) as of June 1, which was twice the figure seen May 1, 2018.

The balance in the single account as of June 1, 2018, shrank by 73.7% from the figure reported on June 1, 2017, having grown by 2.25 times from the beginning of 2018, according to the website of Ukraine's State Treasury Service.

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As UNIAN reported earlier, the balance of funds on the Treasury's single account was reported at UAH 5.099 billion (US$195.2 million) as of January 1, 2018, which was 64.3% down from the figure as of January 1, 2017.

The balance 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.

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