Ukraine’s state budget deficit increased to almost UAH 131B in August.

The state budget deficit in August 2023 amounted to UAH 130.7B, compared to UAH 107.6B in July, the Ministry of Finance reported. It is noted that cash expenditures in the state budget increased significantly in August to UAH 310B after a decline in July to UAH 282.6B. At the same time, last month receipts to the state budget’s general fund decreased from UAH 136.7B in July to UAH 124.7B in August.

This is because there was no US grant-in-aid this month, whereas previously, the US provided about UAH 45B monthly. For the first eight months of the year, cash expenditures reached about UAH 2.4T. State budget revenues during this period amounted to UAH 1.7T, of which UAH 317.2B was international grant aid. The US alone provided UAH 310.8B. The state’s budget for January-August has a total deficit of UAH 714.6B.