Business news from Ukraine

STATE BUDGET REVENUES 6.9% EXCEED TARGET

3 August , 2021  

The revenues of the state budget of Ukraine in July 2021 amounted to UAH 92.58 billion, which is 6.9% more than the planned figure and 34% less than in July 2020, according to the data of the State Treasury Service.
According to the data released by the service, the general fund of the state budget in July was replenished with UAH 75.57 billion, which is 2.2% more than the plan and 30.4% lower than the figure for July 2020.
As for the indicators of budget revenues for January-July, in 2021 they were exceeded by 7% of the plan and were 16.3% higher than last year’s level for the specified period.
In general, over the seven months of this year, the state budget received UAH 684.5 billion, including almost UAH 581.5 billion in the general fund, which is 4.6% more than the plan and 14.3% more than in January-July 2020.
The Treasury said customs in July this year brought UAH 33 billion, which is 0.5% more than the expected figure and 29.3% more than in the same month in 2020. In January-July of this year, customs revenues amounted to UAH 207 billion, which is 4.1% more than the indicative of the Ministry of Finance.
Tax revenues in July brought to the budget UAH 39.5 billion, this amount is 4.2% more than the planned level and by 33.4% – than last year.
In January-July 2021, tax revenues brought almost UAH 330.5 billion to the budget and were 6% more than the expected figure and by 10.4% than in January-July 2020.
According to the State Treasury, VAT refunds last month decreased slightly to UAH 11.15 billion compared to UAH 11.99 billion in June and UAH 12.9 billion in May.

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