Martial law not to affect Ukrainian budget revenue – Finance Ministry

The country will exceed the target figure of the national budget's general fund by the end of November, the ministry said.

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Ukraine's Finance Ministry says the introduction of martial law in Ukraine will not affect the national budget's revenue.

The country will exceed the target figure of the national budget's general fund by the end of November, according to the ministry's website.

In particular, UAH 1.6 billion (US$56.6 million), UAH 1.7 billion ($60.1 million) and UAH 1.340 billion ($47.4 million) in customs payments was channeled into the national budget's general fund on November 26, 27, 28, respectively.

The decline in receipts on November 28 compared to the previous day was due to the peculiarity of customs payments during the week: peak receipts on Monday-Tuesday and a fall from Wednesday to Friday, the report said.

Read alsoUkraine sees US$221 mln budget deficit in Jan-Oct

Tax payments on the said days amounted to UAH 2.2 billion ($77.8 million), UAH 2 billion ($70.7 million), and UAH 3 billion ($106.1 million), respectively, while the average daily tax collection in November was UAH 2.4 billion ($84.9 million).

UNIAN memo. The Verkhovna Rada, Ukraine's parliament, on November 26 gave the green light to a presidential decree on the introduction of martial law in Ukraine for 30 days in a number of regions located along the border with Russia and the Transnistrian segment of the Ukrainian-Moldovan border, as well as along the Black Sea and the Sea of Azov.

Ukraine's national budget in January-October 2018 received UAH 747.389 billion ($26.4 billion) in revenue, which was 2.3% below the planned figure and 15.4% up year-over-year.

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