Ukrainian Treasury's balance estimated at US$520.6 mln as of Nov 1

The current balance is three times higher than at the beginning of the year.

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The balance of funds in the single account of Ukraine's State Treasury Service was estimated at UAH 14.645 billion (US$520.6 million) as of November 1, which is 31.5% than in the previous month.

The current balance is three times higher than at the beginning of the year, but also three times lower year-over-year, according to the website of Ukraine's State Treasury Service.

Read alsoUkraine sees almost US$259 mln budget deficit in Jan-Sept

As UNIAN reported earlier, the balance of funds in the Treasury's single account was estimated at UAH 5.099 billion (US$189.8 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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