State budget implemented with a deficit of UAH 252.9 billion in 4M

In the first four months of 2023, the state budget was implemented with a deficit of UAH 252.9 billion.

This follows from a statement by the Ministry of Finance, the Ukrainian News agency reports.

According to operational data of the State Treasury Service, in April 2023, the state budget's general fund received UAH 162.8 billion.

Among the payments, the execution of which is controlled by tax and customs authorities, the main revenues were received at the expense of:

• UAH 25.1 billion – value-added tax on goods imported into the customs territory of Ukraine;
• UAH 16.6 billion – value-added tax on goods produced in Ukraine (UAH 28.0 billion collected, reimbursed – UAH 11.4 billion);
• UAH 13.4 billion – personal income tax and military fee;
• UAH 9.9 billion – excise tax;
• UAH 4.9 billion – subsoil use rent;
• UAH 2.3 billion – corporate income tax;
• UAH 2.2 billion – import and export duties.

At the same time, implementing the monthly income list by the State Tax Service amounted to 107.3% (+ UAH 3.2 billion).

Another important source of state budget revenues in April this year was the funds received by Ukraine in the form of international aid (grants): its volume at the end of the month amounted to UAH 45.7 billion.

The funds came from the United States of America.

The National Bank of Ukraine, under the Law of Ukraine On National Bank of Ukraine, every year, after confirmation of its annual financial statements by an external audit and its approval by the Council of the NBU, must transfer part of its profit to the state budget.

According to operational data of the State Treasury Service, for the first four months of 2023, the state budget's general fund received UAH 551.6 billion.

Among the payments, the execution of which is controlled by the tax and customs authorities, the following main receipts were received:

- UAH 105.9 billion - value-added tax on goods imported into the customs territory of Ukraine;

- UAH 53.5 billion - value-added tax on goods produced in Ukraine, of which UAH 105.2 billion were collected, UAH 51.7 billion were reimbursed;

- UAH 51 billion - personal income tax and military fee;

- UAH 37.0 billion – corporate income tax;

- UAH 31.9 billion - excise tax;

- UAH 20.9 billion – rent payment for subsoil use;

- UAH 9.3 billion - import and export duties.

At the same time, the State Tax Service's implementation of the income statement amounted to 100.7% (+ UAH 1.4 billion), in general, with the State Customs Service - 100.2%, or + UAH 0.6 billion.

The next source of state budget revenues in the first four months of 2023 was funds received by Ukraine in the form of international aid (grants) - UAH 179.5 billion.

In the first four months of 2023, the receipts of the Single Social Tax to the Pension Fund and social insurance funds amounted to UAH 143.2 billion, of which UAH 37.9 billion were received in April.

According to the results of the first four months of the current year, the general and special funds of the state budget received UAH 787.6 billion in taxes, fees, and other payments.

During this period, cash expenditures of the state budget amounted to UAH 1,043.2 billion, including the general fund - UAH 865.2 billion, or 93.8% of the breakdown of the reporting period.

In four months, the state budget was implemented with a deficit of UAH 252.9 billion, including the general fund - of UAH 310.3 billion, against the planned deficit of UAH 560.1 billion in the schedule of the general fund for the first four months of 2023.

As the Ukrainian News agency earlier reported, the state budget was implemented for the first quarter of 2023 with a deficit of UAH 220.3 billion.

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