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Ukrainian Parliament passes state budget for 2021

Source : 112 Ukraine

The revenues are supposed to make USD 38.6 billion, with the general government deficit of 8.78 billion. The average monthly salary is to make USD 485, and the dollar exchange rate is expected to be 29.1 UAH per 1 USD
18:55, 15 December 2020

state budget
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The Ukrainian Parliament passed the draft law No.4000 (the state budget in 2021) in the second reading and in general. 289 MPs supported the bill, with 226 necessary to pass.

According to the amended bill, the revenues of the state budget in 2021 are supposed to make USD 38.6 billion; that includes the revenues of the common fund (34 million dollars), and the revenues of special fund (4.7 million).

The alarm-level deficit of the state budget is expected to make 8.78 billion U.S. dollars. That includes the margin deficit in the common fund in the amount of 7.8 billion dollars, and some 900 million of deficit in the special fund. In general, the government plans to cut the deficit by 0.5 percent of the country's GDP.

The volume of payments aimed to redeem the national debt was increased by 1.03 billion dollars; the volume of payments aimed to serve the national debt was cut by 64 million. In general, the volume of the national debt (in the equivalent of the national currency) was cut by 320 million dollars.

The expenses of the state budget in 2021 are supposed to amount to 46.4 billion dollars. The top three areas funded by the government would be security and defense (9.5 billion), education (6.2) and healthcare (5.57). The fund aimed to combat the spread of Covid-19 will incorporate 69 million dollars of costs. Prime Minister Denys Shmygal claimed that the actual size of fund for medical needs will be bigger, as the current sum that is foreseen in the budget is not enough to cover these needs.
 

The average monthly salary is to make USD 485, and the dollar exchange rate is expected to be 29.1 UAH per 1 USD

The minimal size of pension in Ukraine is to make 63 dollars in January 2021, and then will increase to USD 69 in December.

The fund of support of small and medium businesses will amount to USD 420 million. 

The GDP is supposed to make 160 billion dollars. The GDP growth rate is expected to be 4.6 percent.

The expected consumer inflation will make 7.3 percent.

Related: Parliament to consider Ukraine's draft state budget for 2021 in second reading, - MP

 

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