Business news from Ukraine

UKRAINIAN STATE BUDGET REVENUES 10.5% UNDERFULFILLED IN 2018

2 March , 2018  

The revenues of the national budget of Ukraine in February 2018 amounted to UAH 50.7 billion, which is UAH 13.967 billion, or 21.6% less than the planned figures, while revenues for the first two months of 2018 reached UAH 105.887 billion, which is UAH 12.386 billion, or 10.5%, less than the target.
According to data on the website of the State Treasury Service, compared to February 2017 national budget revenues for the past month increased by UAH 8.226 billion or 19.4%, while revenues in January-February 2018 were up by UAH 3.968 billion, or 3.9%.
Tax revenues for the two months of 2018 decreased by 6.2% compared to the same period in 2017, to UAH 66.877 billion, while customs revenues rose by 24.8%, to UAH 48.52 billion. At the same time, customs revenues in January-February 2018 exceeded the target by 2.7%.
In February tax revenues amounted to UAH 31.888 billion, which is 7.4% lower than the plan. Customs revenues in the past month grew by 13.3% compared to February last year, to UAH 23.398 billion.
In general, the February plan of the State Fiscal Service was 21.3%, or UAH 11.842 billion, underfulfilled, while compared to February last year the rise was UAH 5.659 billion, or 14.8%.