State budget revenue show a 11% surplus in the first quarter.
Wednesday, June 22, 2022

State budget revenue show a 11% surplus in the first quarter.

 In the first quarter of 2022, Ukraine’s state budget revenue needs were exceeded by 11% due to the early payment of dividends. However, moving forward, the solvency of the country’s budget will depend on the support of international financial organizations and partner countries, said the chairman of the Accounting Chamber, Valery Patskan. According to him, the state budget’s general fund exceeded the resources needed for operating costs by UAH 28.6B, or 11%. This was achieved through the early transfer of UAH 32.5B in dividends from public sector entities and state-owned banks and UAH 18.8B from the NBU.  In the first quarter, the state budget received UAH 3.6B in grants from the EU, foreign governments, international organizations, and donors. However, these sources of revenue amounted to only 0.8% of total revenue. In an attempt to lower costs,, the Cabinet of Ministers decided in March to reduce expenditures and lending for 2022.

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