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The State Fiscal Service of Ukraine expects the state coffers to be replenished by UAH 300.3 billion (US$11.4 bln) in tax and customs duties, which is 28 %, or UAH 65 billion ($2.46 bln), more than in the same period last year, acting fiscal chief Myroslav Prodan told a government meeting on Wednesday, May 31.
"Indicative figures, brought by the Ministry of Finance for January-May, amount to UAH 288 billion, and I assure you that they will be significantly overfulfilled," Prodan said.
“Receipts over the five months are expected to be at the level of UAH 300.3 billion, which is over UAH 65 billion, or 28%, more than in the same period of 2016," said the official.
Read alsoPension reform: Ukrainians to be able to "buy" up to five years of pensionable serviceAt the same time, he noted that the exchange rate difference in 2017 compared to the same period in 2016 does not exceed 5%.
According to Prodan, in May, more than UAH 65 billion will be transferred to the state budget.
The acting fiscal chief says the growth of tax revenues is connected with the increase of budget-forming taxes, such as the income tax, which gives grounds to assert the resumption of economic growth.
"In the first quarter, income tax payers declared a record amount of more than UAH 20 billion, which is 1.5 times more than in the same period of 2016," he said.
Read alsoUkrainian farmers already received over UAH 320 mln in subsidiesAs UNIAN reported earlier, the state budget of Ukraine in January-April 2017 received UAH 259.785 billion in revenues, which is 18.9% more than the target for this period.
According to the website of the State Treasury of Ukraine, the revenues to the state budget for this period are 51.1% higher than in the same period last year.