The deficit of the national budget of Ukraine amounted to UAH 40 billion in January-August 2020, the Finance Ministry said citing recent data of the State Treasury Service of Ukraine.
The deficit of the general fund totaled UAH 51 billion.
According to data of the State Treasury Service, expenses for the general fund amounted to UAH 646.6 billion, or 87.4% of the reporting period’s breakdown.
“A total of UAH 208 billion was raised from issuing government domestic loan bonds for financing state debt – 13.2% of the plan, including UAH 84.6 billion or $2.4 billion and EUR7 million from government domestic loan bond issues denominated in foreign currencies,” the ministry said.
Some UAH 170.3 billion was raised from external sources, which corresponds to the plan, including UAH 55.4 billion from placement of 12-year eurobonds worth $2 billion at 7.253% per annum, UAH 55.2 billion from the first tranche from the IMF in the framework of the 2020 Stand-By Arrangement, UAH 33.8 billion from placing ten-year eurobonds worth EUR1.25 billion at 4.375% per annum, UAH 15 billion in macro-financial assistance funds from the European Union, and a loan of UAH 1.35 billion from the International Bank for Reconstruction and Development in the framework of the project “Modernization of the Social Support System.”
A total of UAH 275 billion was allocated for paying off state debt, which is 99.9% of the amount planned.
