Customs Service exceeds budget revenue target in Nov

The State Customs Service of Ukraine channeled UAH 35.86 billion, or US$1.3 billion, into the national budget in November 2020, having fulfilled the revenue target by 102%.

Read alsoExporters, importers improve assessment of Ukrainian customs – poll"The State Customs Service transferred UAH 35.86 billion to the national budget (the planned indicator for November was UAH 35.15 billion [US$1.2 billion]). In particular, UAH 29.79 billion [over US$1 billion] was transferred to the national budget's general fund, while UAH 6.08 billion [US$212.9 million] to the special fund," the agency's press service said on its website on December 1.

Receipts from customs clearance in November 2020 grew by 18.2%, or UAH 5.53 billion (US$193.6 million), compared to November 2019, the report said.

Background

The State Customs Service in October 2020 fulfilled the revenue plan by 98.4%, having transferred UAH 36.35 billion (US$1.3 billion) to the national budget.