In Jan-Oct, the state budget deficit in Ukraine rose by 18.7% y/y to UAH 40.8bn (USD 5.1bn), compared to a deficit of UAH 33.2bn seen in Jan-Oct 2012, the FinMin has announced. The deficit of general fund of state budget amounted to UAH 43.9bn in the reporting period. Consolidated state budget expenditures amounted to UAH 398.4bn in Jan-Oct. Consolidated state budget revenues totaled UAH 362.5bn in Jan-Oct. The revenues of state budget reached UAH 278.7bn in the reporting period.
The largest contribution to state budget had:
Own revenues of budgetary institutions in Jan-Oct amounted to UAH 21.2bn.
In Jan-Oct, the State Property Fund transferred UAH 981.3mn (USD 122.7mn) to the state budget from privatization of the state property. The 2013 state budget's receipts from privatization are anticipated at UAH 10.9bn. So, the Jan-Oct proceeds make 9% of the sum.
In addition, the SPF transferred UAH 891.263mn to the national budget in revenue from lease of state property. In 2013, UAH 835mn of revenue from lease of state property is supposed to be transferred to the national budget. Moreover, in Jan-Oct, the SPF transferred UAH 125.163mn to the state budget in dividends accrued on the shares in public ownership. The annual plan of receipts in dividends was fulfilled 208.4%.
| Consolidated state budget, UAH bn | 2011 | Q1/12 | H1/12 | 2012 | Q1 | H1/13 | Jan-Sep | Jan-Oct | |
| Revenues | 398.6 | 98.6 | 208.8 | 445.5 | 106.6 | 211.1 | 325.9 | 362.5 | |
| Expenditures | 416.9 | 99.0 | 216.9 | 492.4 | 112.1 | 239.1 | 359.0 | 398.4 | |
| Balance* | -23.1 | -0.7 | -9.7 | -50.7 | -5.7 | -28.0 | -33.8 | -37.1 | |
| *Balance includes budget crediting | |||||||||
| Source: FinMin | |||||||||
Piraeus Bank has joined a government-backed initiative to support Ukrainian entrepreneurs through state portfolio guarantees, reported Ukraine Business News. The Cabinet of ... more
Belgium has warned it will block a proposed reparations loan to Ukraine backed by frozen Russian assets unless other EU countries agree to share legal and financial risks, Belgian Prime Minister Bart ... more
The National Bank of Ukraine (NBU) left its key policy rate unchanged at 15.5% for the fifth consecutive meeting and downgraded its economic growth outlook, citing persistent inflation expectations ... more