Ukraine's national budget sees $198 mln in surplus in 11 months

The surplus of Ukraine's national budget in January-November 2017 was estimated at UAH 5.52 billion, or US$198 million, against a deficit of UAH 45.543 billion, or $1.6 billion, year-over-year (y-o-y), according to Ukraine's Treasury Service.

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The country's consolidated budget in the 11 months of 2017 saw a surplus of UAH 33.917 billion ($1.2 billion) against a deficit of UAH 9.988 billion ($357.5 million) y-o-y, it said.

Read alsoUkraine finance minister says UAH rate set in 2018 budget "realistic"The surplus of the local budgets alone was estimated at UAH 28.397 billion ($1 billion) over the period under review.

As UNIAN reported earlier, Ukraine posted a budget deficit in 2016, which amounted to UAH 70.13 billion ($2.51 billion), or 2.9% of GDP.

Ukraine's national budget for 2017, taking into account adjustments, foresees revenue at UAH 771 billion ($27.6 billion) and spending at UAH 841 billion ($30.1 billion). A threshold deficit level is set at UAH 77.5 billion ($2.8 billion), which is also 3% of GDP.

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