Ukraine receives $2,1 billion less to state budget than due

Source : 112 Ukraine

Total budget revenues amounted to 34 billion dollars, which is 93.9% of the planned indicator
12:16, 27 December 2019

Open source

At the end of 2019, Ministry of Finance found that Ukraine had received 2,1 billion dollars less to the state budget than it had been expected. The corresponding data was provided by the macroeconomic survey of December 2019.

According to the analysis of macroeconomic indicators for the period from January to November 2019, the total budget revenues amounted to 34 billion dollars, which is 93.9% of the planned indicator.

The Finance Ministry recalled that it had been planned to raise 36,2 billion dollars.

Among the factors that negatively affected the execution of the plan, there were: hryvnia’s strengthening, low prices for natural gas, weak growth of imports, a decline in production of tobacco products compared to the indicators that had been taken into account in the state budget for 2019.

Related: Finance Minister reveals issues of Ukraine-IMF talks

As we reported earlier, the economy may grow by 3.7% in 2020. This was stated by Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Milovanov during a briefing broadcasted on 112 Ukraine TV Channel.

At the same time, according to the forecasts of the Ministry, by the end of next year, the inflation rate can decrease to 5.5%.

Milovanov added that it is necessary to increase budget revenues from state-owned enterprises. According to him, during the year, state-owned assets on average accumulate only 2%, and business revenues - five to seven times more.

Related: Zelensky signs law on state budget for 2020

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