REUTERS
Ukraine's national budget in January-July 2015 posted a UAH 2.3 billion deficit, which was more than 92.9%, or 14.3 times, down on a deficit estimated at UAH 32.8 million in the same period last year, according to the National Bank of Ukraine (NBU).
The deficit of the national budget in July alone shrank to UAH 200 million from UAH 7.7 billion in June, which was the result of both increasing revenues and a reduction in spending in monetary terms, the regulator said.
The NBU said that the revenue of the national budget January through July 2015 grew by 44.6% year-over-year due to an increase in tax collection and receipts not related to taxes. The budget's revenues in July 2015 from July 2014 increased by 86.9%.
The outlays of the national budget in January-July 2015 rose by 25.5% year-over-year, to UAH 289.4 billion. Spending in July 2015 from July 2014 grew by 32.3%.
As UNIAN reported earlier, Ukraine's national budget in the first half of 2015 saw a UAH 2.1 billion in deficit, while there was a surplus of UAH 5.61 billion in January-May 2015.
The approved national budget for 2015 foresees revenues at UAH 502.260 billion, while outlays are projected at UAH 566.870 billion. A limit size of the budget deficit is set at UAH 75.820 billion, or 4.1% of GDP. The state debt cap is set at UAH 1.394 trillion.
The official forex rate set by the NBU as of August 31 2015, was UAH 21.185441, while the rate set for September 1, 2015, is UAH 21.805419 per U.S. dollar.