Finance ministry expects UAH 91 bln of revenue to be sent to general fund of local budgets in 2015

14:33, 28.07.2015 1 min read

The Finance Ministry of Ukraine expects that the general fund of local budgets would receive UAH 91 billion of revenue.

"According to the expert estimates, the projected revenue to the general fund of local budgets in 2015 would total UAH 91 billion, which is UAH 17.4 billion more than the figure approved by local authorities for the whole year," the ministry said in a presentation posted on its website.

As reported, revenue of the general fund of local budgets in January-June 2015 totaled UAH 44.6 billion, which is UAH 12.2 billion or 37.7% more year-over-year. Revenue from individuals' income tax grew by 16.2%, to UAH 23.6 billion, from land fee – by 25.9%, to UAH 6.6 billion. The annual targets for these indicators were fulfilled by 54.3% and 57.4% respectively.

The new additional 5% excise duty brought UAH 3.2 billion to local budgets, property tax – UAH 274.7 million with the annual target of UAH 226.2 million.