The state budget deficit of Ukraine in December 2023 amounted to a record UAH 285 billion, compared to UAH 145.1 billion in November and UAH 98.4 billion in October, according to the State Treasury. It specified that the general fund deficit jumped to UAH 274.4 billion from UAH 162.5 billion in November and UAH 87.7 billion in October. The Ministry of Finance noted that the cash expenditures of the state budget in December also became a record and exceeded UAH 548.2 billion compared to UAH 337.9 billion in November and UAH 292.1 billion in October.
The general fund expenditures increased to UAH 397.7 billion from UAH 286.3 billion in November and UAH 228.1 billion in October.
According to the Ministry of Finance, in December 2023, revenues to the general fund of the state budget increased slightly to UAH 127.1 billion from UAH 121.7 billion in November, which is, however, less than UAH 139.4 billion in October, while US grant international assistance amounted to UAH 20.5 billion, while in November it was not, and in October it amounted to UAH 42 billion.
In total, in 2023, state budget revenues amounted to UAH 2.67 trillion, including UAH 1.66 trillion from the general fund, of which UAH 425.4 billion was international grant aid (the US – UAH 400.5 billion).
Last year’s cash expenditures of the state budget exceeded UAH 4 trillion, including UAH 3.03 trillion from the general fund, or 98% of the plan, compared to 93% a month earlier.
According to the Ministry of Finance, in 2023, the state budget was executed with a deficit of UAH 1.33 trillion, including a deficit of UAH 1.36 trillion in the general fund against the deficit of UAH 1.83 trillion planned in the general fund plan.
In 2022, the state budget was executed with a deficit of UAH 911.1 billion, including UAH 909.5 billion in the general fund, including UAH 99 billion and UAH 101.3 billion in December, respectively, and in pre-war 2021, the deficit of the general fund of the state budget of Ukraine was equal to UAH 166.8 billion.
State budget expenditures in 2022 amounted to UAH 2.70 trillion, including UAH 2.41 trillion for the general fund, which was 91.7% higher than in 2021. In December 2022, cash budget expenditures amounted to UAH 408.8 billion, including UAH 330.5 billion for the general fund.
The general fund of the state budget in 2022 received UAH 1.491 trillion, of which grant funding amounted to UAH 480.6 billion, while in 2021 revenues amounted to UAH 1.084 trillion. In December 2022, the general fund revenues amounted to UAH 229.2 billion, of which UAH 138.4 billion was grant aid.
As reported, on October 6, the Verkhovna Rada approved the next amendments to the state budget for 2023, mainly to increase spending on the security and defense sector. The new amount of state budget expenditures amounted to UAH 3 trillion 393.0 billion, including UAH 3 trillion 94.5 billion for the general fund, while revenues amounted to UAH 1 trillion 416.4 billion, including UAH 1 trillion 253.9 billion for the general fund. The limit for the deficit was set at UAH 2 trillion 10.35 billion, including UAH 1 trillion 834.6 billion for the general fund.
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