Ukraine receives UAH 915.3mn (USD 114.4mn) from privatization in Jan-Sep.

By bne IntelliNews October 14, 2013

In Jan-Sep, the State Property Fund transferred UAH 915.317mn to the state budget from privatization of the state property. The 2013 state budget's receipts from privatization are anticipated at UAH 10.9 bn. Thus, the Jan-Sep proceeds make 8.4% of the sum.

In addition, the SPF has channeled UAH 787.752mn to the national budget in revenue from lease of state property in the reporting period. In 2013, UAH 835mn of revenue from lease of state property is supposed to be transferred to the national budget.

Moreover, in Jan-Sep, the SPF has transferred UAH 787.752mn 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.

In Jan-Aug, the State budget deficit in Uraine rose 2.1-fold y/y to UAH 34.7bn (USD 4.3bn) compared to UAH 16.6bn seen in Jan-Aug 2012. Consolidated budget deficit reached UAH 34.6bn, up 2.3-fold y/y. The deficit of the general fund of state budget amounted to UAH 14.2bn in Jan-Aug. In Jan-Aug, the total revenues of consolidated state budget did not change in y/y terms and stood at UAH 284.6bn compared to UAH 284.2bn recorded a year earlier.

The law on the state budget for 2013 sets its revenues at UAH 370.05bn, in particular those in the general fund - UAH 322.08bn, expenses - UAH 419.33bn and UAH 370.48bn respectively. The deficit is estimated at up to UAH 50.59bn, in particular that of the general fund - UAH 44.53bn.

Ukraine's state budget for 2013 could be revised following its fulfillment in Jan-Sep, announced FinMin. According to FinMin’s official, Halyna Pakhachuk, the changes will be made only in case of necessity. At the same time, she recalled that the provisions of the Budget Code envisage state budget cutting amid the absence of proper revenues. She said that the revision of state budget figures after the nine months of the year was expedient, since many expert institutes currently have different macroeconomic forecasts.

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