Business news from Ukraine


11 September , 2020  

State budget revenues in August 2020 amounted to UAH 100.2 billion, which is 15.2% higher than the planned figure and 14.3% higher than last year’s level, according to data from the State Treasury Service.
According to the agency, the general budget fund received UAH 85.4 billion in July, which is 19.7% more than the plan and 10% more than in August 2019. According to the service, in general, in January-August 2020 the state budget received UAH 688 billion, which is 2.8% less than the target, but 2.5% more than last year’s figure for this period.
In particular, the general fund for the eight months of this year received UAH 594 billion, the backlog of the plan was 3%, but this figure corresponds to the level of the eight months of 2019.
Customs in August brought almost UAH 26.9 billion, which is 1.1% more than the plan and 6.5% higher than in August 2019. Following the results of the eight months, customs receipts amounted to UAH 177.6 billion, lagging behind the expected level by 15.9%, and from last year’s level by 13.8%.
Tax revenues in August exceeded the plan by 33.2% and were 12% higher compared to August last year, amounting to UAH 56 billion. In the eight months, the tax service overfulfilled the plan by 5.3% with the revenues being UAH 356 billion, which is 17.3% more than in January-August-2019.
According to the service, VAT refunds in August fell to UAH 8.57 billion compared to UAH 9.13 billion a month earlier.