Business news from Ukraine

DEFICIT OF UKRAINE’S STATE BUDGET COMES TO UAH 26 BLN IN Q1

The deficit of the national budget of Ukraine in January-March 2019 amounted to UAH 26.166 billion, in particular the general fund deficit was UAH 39.272 billion with the target being UAH 43.54 billion, according to data released by the State Treasury Service.
According to the agency, government borrowing for the three months of 2019 amounted to UAH 115.3 billion, while debt repayment almost UAH 94.3 billion.
Earlier, the Ministry of Finance reported that the national budget deficit for this period was financed mainly by public borrowing.
Privatization brought almost UAH 184 million with the expected figures for this period exceeding UAH 6 billion.
In general, the national budget for this period received UAH 210.6 billion in revenues, with general fund income being UAH 178.2 billion and the target standing at UAH 194.15 billion.
National budget expenditures in January-March this year were at the level of UAH 237.4 billion, including UAH 218.2 billion in the general fund, with the plan being UAH 239.3 billion.
According to the treasury, local budgets during this period posted a surplus of UAH 17.2 billion, and the surplus of the general fund was UAH 19.4 billion.

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PRESIDENT OF UKRAINE SIGNS LAW ON STATE BUDGET FOR 2019

President of Ukraine Petro Poroshenko said that he had signed the law on the state budget of Ukraine for 2019.
“I have signed a budget law,” the president said, speaking at the 2nd Ukrainian Women’s Congress in Kyiv on Friday.

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GOVERNMENT TO CONSIDER DRAFT STATE BUDGET FOR 2019 ON SEPT 14

Ukrainian Energy and Coal Industry Minister Ihor Nasalik has said that the Cabinet of Ministers will consider the draft state budget for 2019 at a meeting on September 14. “We will adopt[the draft state budget for 2019 at a meeting of the Cabinet of Ministers tentatively on Friday,” he told reporters after a government meeting in Kyiv on Wednesday.
Earlier, Prime Minister Volodymyr Groysman said that the Cabinet of Ministers would submit the draft state budget for 2019 to the Verkhovna Rada on time, before September 15.

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