State Treasury reports 39% State budget surplus in Jan 2017

The State Budget of Ukraine received UAH 59.444 billion revenues in January 2017, 38.7% over the UAH 42.861 billion target for this period, according to State Treasury Service of Ukraine.

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In comparison with January 2016, the state budget revenues increased by two times in January 2017, the data say.

It is also reported that local budgets received UAH 12.634 billion revenues in January, which is 9.5% more than the plan and 1.5 times more than reported in January 2016.

UNIAN memo. The state budget of Ukraine for 2017 assumes revenues in the amount of UAH 731 billion, the expenses are set at UAH 800, and the limit deficit is set at UAH 77.5 billion, or 3% of GDP.

The public debt ceiling as of December 31, 2017, is set at UAH 1.717 trillion and UAH 579.4 for publicly guaranteed debt, which totals UAH 2.296 trillion.

The basis for the calculation of the main indicators was the macroeconomic outlook, envisaging real GDP growth at 3%, consumer inflation at 8.1%, and the average annual hryvnia exchange rate of about UAH 27 to the dollar.

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