Ukraine's national budget sees UAH 5.3 bln of deficit in May, says finance ministry
Ukraine's national budget in May saw UAH 5.29 billion in deficit compared to UAH 2.8 billion in April, the Finance Ministry has reported on its Web site on Thursday.
According to the ministry, in January-May 2014, the deficit of the national budget came to UAH 12.22 billion, which is 33.9% down the deficit in January-May 2013, or 17.8% of the annual indicator (UAH 65.56 billion).
The deficit of the general fund of the national budget in May stood at UAH 4.82 billion, which is 2.1 times up on May 2013, while since early 2014 the deficit of the general fund is 31.7% less than the deficit year-over-year – UAH 12.62 billion.
The ministry said that revenues of the national budget in January-May 2014 came to UAH 150.65 billion, a rise of 11.3% year-over-year. Some UAH 131.83 billion was sent to the general fund of the national budget, which is 11.8% up year-over-year.
Taking into account earlier published data, in May 2014, revenues of the national budget grew by 3% compared to May 2013, but they fell by 5.2% compared to the previous month, to UAH 30.63 billion.
The general fund's revenues fell by 3.4% on May 2013 and by 8.2% on April 2014, to UAH 25.59 billion.
The ministry said that growth in revenues this year was provided with additional payment by the National Bank of Ukraine (NBU): in January-May 2014 they came to UAH 22 billion compared to UAH 6 billion last year (including UAH 2.2 billion and UAH 2 billion in May).
Revenues from the payment of internal value added tax fell by 4.9%, to UAH 34.3 billion and that for imported VAT – by 8.5%, to UAH 35.61 billion, profit tax – by 14.5%, to UAH 22.59 billion and internal excise duties – by 16.2%, to UAH 9.31 billion and imports duties – by 9.3%, to UAH 3.878 billion.
Growth of 23.1% was seen only for the fee for the use of deposits which reached UAH 6.12 billion.
VAT refunding in January-May 2014 fell by 24% year-over-year, to UAH 18.03 billion, and in May it fell by 6.6%, to UAH 4.9 billion.
Expenses of the national budget in January-May 2014 came to UA H162.15 billion, a rise of 5.4% year-over-year, including a rise of 4.8% for the general fund, to UAH 144.93 billion.
Taking into account earlier published data, in May 2014, expenses of the national budget grew by 8.5% on May 2013 and by 1.2% on April 2014, to UAH 34.86 billion. Expenses of the general fund grew by 6.5% on May 2013 and fell by 2.3% on April 2014, to UAH 30.63 billion.
