14:48 02.12.2017

Government forecasts 18.6% rise in consolidated budget revenues in 2018

Government forecasts 18.6% rise in consolidated budget revenues in 2018

 The Cabinet of Ministers of Ukraine forecasts an 18.6% rise in revenues of the consolidated budget of the country in 2018 (by UAH 181 billion), to UAH 1.155 trillion, Prime Minister Volodymyr Groysman said at a government meeting on Friday.

"We forecast the increase in the revenues of the national consolidated budget from the work of the national economy to UAH 1.155 trillion in comparison with this year's figure of UAH 974 billion," he said.

Groysman added the government also expects growth of exports from Ukraine next year.

"We have plans for the growth of national exports - exports of Ukrainian products. As you know, only over the year from the implementation of the Association Agreement with the EU in part of free trade, we already have a 10% increase in Ukrainian exports to Europe. We are in the top ten largest exporters of agricultural products, we are among the top five in many positions ... We need to invest more in development, in particular in our export opportunities. Exports will grow from $50 billion to $55.7 billion," he said.

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