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In January-May 2021, Ukraine's state budget deficit made USD 1.16 bn, - Finance Ministry

Source : 112 Ukraine

During this period, the deficit in the common fund made USD 1.11 billion
08:03, 2 June 2021

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Ukraine's state budget deficit in January-May this year amounted to USD 1.16 billion; specifically, the deficit in the common fund made USD 1.11 billion, press office of the Finance Ministry reports.

During the first five months in 2021, the income flow to the general fund of the state budget made some 15 million dollars; the disbursements from that fund during the same period totaled 16.21 million dollars. 

Actual state loans to the general fund of the State Budget in this period totaled 6.8 billion U.S. dollars (73.4 percent from the estimated figure). At the same time, the payments of redemption of the national debt in this period totaled USD 6.08 million. 

Related: EU approves humanitarian budget, allocates some of its funds for Ukraine

The global economy is showing a faster recovery in growth than previously expected, but significant risks still remain, including new strains of coronavirus. This was stated by first deputy head of the International Monetary Fund (IMF) Geoffrey Okamoto, as the press service of the IMF reported.

“In January, we projected 2021 global growth at 5.5 percent, but prospects of a stronger recovery are emerging – because of additional fiscal stimulus, especially in the U.S., and the prospects of broader vaccination,” said Okamoto.

The IMF considers the economic recovery to be incomplete and uneven. In most countries, GDP indicators remain below pre-crisis levels.

Related: Verkhovna Rada to oblige Google and Microsoft to pay tax to Ukrainian budget

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