Tax, fee, and mandatory payment revenues to the general and special funds of the Ukrainian state budget for the first eight months of 2025 amounted to UAH 2.40 trillion, while cash expenditures amounted to UAH 3.23 trillion, which is approximately 24.2% and 23.7% higher than the corresponding figures for the first eight months of 2024.
According to operational data from the State Treasury Service, published by the Ministry of Finance on its website, general fund revenues increased by 20.4% to UAH 1.71 trillion, while expenditures increased by 19.4% to UAH 2.50 trillion.
At the same time, in August this year, state budget revenues decreased by 30.1% compared to August last year, to UAH 314.2 billion, including the general fund – by 37.3%, to UAH 242.9 billion. This is due to significantly lower grant revenues – UAH 44 billion in August 2025 compared to UAH 228.1 billion in August 2024.
It is noted that after raising the military tax from 1.5% to 5% and introducing a condition for reserving a salary of UAH 20,000 this year, personal income tax and military tax moved from fourth to second place in terms of revenues for the first eight months of this year – UAH 230.9 billion compared to UAH 134.5 billion last year.
In addition, the main revenues were provided by: VAT on goods imported into the customs territory of Ukraine – UAH 340.4 billion (UAH 302.1 billion for the first eight months of 2024), corporate income tax – UAH 211.6 billion (UAH 195.3 billion), VAT on goods produced in Ukraine – UAH 206.5 billion for reimbursement of UAH 116.1 billion (UAH 175.0 billion for reimbursement of UAH 95.8 billion), excise tax – UAH 186.3 billion (UAH 129.6 billion).
In addition, dividends and part of the net profit of state-owned companies amounted to UAH 64.2 billion (UAH 66.5 billion), import and export duties – UAH 34.7 billion (UAH 31.6 billion), rent payments for the use of subsoil resources – UAH 27.4 billion (UAH 32.7 billion).
The Ministry of Finance added that another UAH 84.2 billion (UAH 38.6 billion) was added to the budget from the National Bank’s profits, and grants amounted to UAH 254.9 billion (UAH 268.3 billion).
Revenues from the single social contribution to pension and social insurance funds in January-August 2025 increased by 22.3% to UAH 423.5 billion, including in August by 21.0% to UAH 54.1 billion.
The Ministry of Finance also reported that as part of the financing of the general fund of the state budget, state borrowings to it in January-August 2025 amounted to UAH 1.24 trillion, or 106.1% of the plan, including UAH 345.5 billion received on the domestic market from the placement of government bonds (UAH 318.4 billion for the first eight months of 2024), including UAH 78.0 billion in foreign currency – $1.24 billion and EUR 557.7 million. At the same time, UAH 152.5 billion was raised through the issuance of military government bonds.
According to the release, about $21.4 billion or UAH 889.8 billion came from external sources, including about $13.3 billion under the ERA, with the total volume of this mechanism reaching $50 billion.
In addition, Ukraine received another EUR6.14 billion from the EU as part of the Ukraine Facility preferential long-term loan, $0.96 billion from the IMF, and $0.26 billion from the World Bank for the projects “Transforming Health through Reform and Investment in Efficiency” (THRIVE), “Creating Resilient Infrastructure in Vulnerable Environments in Ukraine” (DRIVE), and “Modernization of the Social Support System for the Population of Ukraine.”
Payments on the repayment of public debt for January-August 2025 amounted to UAH 404.0 billion, or 94.8% of the plan, and payments on servicing amounted to UAH 233.3 billion, or 82.3% of the plan.
As reported, the 2025 state budget was approved with revenues of UAH 2 trillion 327.1 billion, including the general fund – UAH 2 trillion 133.3 billion (excluding grants and international assistance), and expenditures of UAH 3 trillion 929.1 billion, including the general fund – UAH 3 trillion 591.6 billion. At the end of July, the Verkhovna Rada, at the government’s proposal, increased this year’s budget expenditures by UAH 400.5 billion and revenues by UAH 147.5 billion.
In 2024, the state budget received UAH 3 trillion 120.5 billion in revenues, which is UAH 448 billion, or 16.8%, more than the 2023 state budget. The general fund’s revenue growth amounted to UAH 513.9 billion, or 30.9%, to UAH 2 trillion 177 billion, in particular, international financial assistance in the form of grants amounted to UAH 453.6 billion compared to UAH 433.9 billion in 2023.
State budget expenditures in 2024 increased by UAH 464.5 billion, or 11.6%, compared to 2023, to UAH 4 trillion 479.3 billion, in particular, under the general fund – by 15%, or UAH 454.5 billion – to UAH 3 trillion 488.8 billion.
