The shortfall in H1 was US$2.64 billion / Photo from UNIAN
This is 11.1% behind the plan.
The general fund of Ukraine's national budget fell short of UAH 93.6 billion, or US$3.34 billion, in proceeds in the nine months of 2018.
"According to the State Treasury Service, the proceeds of the national budget's general fund are less than the plan for the reporting period by UAH 93.6 billion, or 11.1%," Chairman of the Accounting Chamber of Ukraine Valeriy Patskan has said.
The proceeds include revenue, borrowings, receipts from the sale of state assets, repayment of loans.
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At the same time, the revenue of the general fund in January-September 2018 was behind the plan by UAH 17.2 billion (US$614 million), or 2.8%.
Proceeds from borrowings for this period amounted to UAH 135.6 billion, or US$4.84 billion, which is less than the plan of the reporting period by UAH 66.5 billion (US$2.38 billion), or 32.9%. These are funds primarily from the placement of government domestic loan bonds.
The government raised UAH 19.4 billion, or US$693 million, from placing short-term foreign loan bonds in August 2018 alone, which was 21.5% of the planned amount.
"In addition, the plan for funds raised from the privatization of state-owned property was underfulfilled. A mere UAH 77.3 million, or US$2.76 million, was collected, which is 0.7% of the planned UAH 10.7 billion, or US$382 million," Patskan said.
At the same time, the government received UAH 700 million, or US$25 million, as repayment of loans earlier extended from the budget.
As reported, the general fund of the national budget fell short of UAH 66 billion, or US$2.36 billion, in proceeds in the first quarter of 2018 and UAH 74 billion, or US$2.64 billion, in the first half of the year.