Revenue of Ukraine's consolidated budget grows by over 14%, to almost US$21 bln in H1

The national budget over the period under review received US$15.7 billion.

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Revenue of Ukraine's consolidated budget, controlled by the State Fiscal Service (SFS), was estimated at UAH 528.8 billion, or US$20.7 billion, in January-June 2019 (H1), which was 14.2%, or UAH 65.8 billion (US$2.6 billion), up year-over-year (y-o-y).

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The national budget over the period under review received UAH 401.3 billion (US$15.7 billion), which was 12.5%, or UAH 44.4 billion (US$1.7 billion), up y-o-y, according to the Ukrainian State Fiscal Service.

Some UAH 127.6 billion (US$5 billion) was transferred to the local budgets in H1 2019, which was 20.1%, or UAH 21.4 billion (US$836 million) up against H1 2018.

As UNIAN reported earlier, the deficit of Ukraine's national budget in 2018 was estimated at UAH 59.248 billion (US$2.3 billion), which was 23.7% up from the deficit posted in 2017. The deficit of Ukraine's national budget in 2018 was capped at UAH 80.6 billion (US$3.1 billion), or 2.4% of GDP.

The national budget of Ukraine for 2019 provides for revenue at UAH 1.026 trillion (US$40 billion) and expenditures at UAH 1.112 trillion (US$43.4 billion), with the deficit limited to UAH 89.989 billion (US$3.5 billion).

Ukraine's consolidated budget comprises the national and local budgets.

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