Deficit of Ukraine's national budget soars to US$1.5 bln in 11 months

Ukraine's national budget in January-November 2019 saw a deficit of UAH 34.860 billion, or US$1.5 billion, which was 190 times higher than the deficit for the same period last year.

Read alsoUkraine's state debt grows to US$83 bln in Jan-Nov

The surplus of the country's consolidated budget over the period under review was UAH 6.882 billion, or US$295.6 million, against UAH 22.002 billion, or US$945.1 million a year earlier, according to Ukraine's Treasury Service.

As UNIAN reported earlier, the 2019 budget provided for revenue in the amount of UAH 1.026 trillion, or US$42.6 billion, while spending was set at UAH 1.112 trillion, or US$46.2 billion. The deficit of the budget was capped at UAH 89.989 billion, or US$3.74 billion.

In October, the Verkhovna Rada adopted amendments to the budget for the current year. It reduced the revenue plan by UAH 20.4 billion, or US$848 million, having simultaneously cut the cost of servicing public debt by UAH 21.6 billion, or US$898 million.

The consolidated budget consists of the national budget and local ones.