Page 43 - UKRRptDec18

a town of Ichnya in Chernihiv Oblast in October 2018. The estimated damage from the explosions exceeded $1.2bn.
The bill allocates nearly UAH7bn ($250mn) for subsidies and loans to agricultural producers.
The government plans to spend UAH29.3mn ($1.04bn) on creating a state registry of cases of domestic violence and gender-based violence. Additionally, it wants to spend UAH20mn ($714,000) on setting up call centres for victims of domestic violence and human trafficking. At present, a non-governmental organization La-Strada operates two 24/7 national hotlines offering free counseling and legal consulting to adult and child victims of domestic violence, discrimination, and human trafficking.
An additional UAH200mn ($7.1mn) will be spent on the construction of an airport near the village of Solone on the border of Dnipropetrovsk and Zaporizhzhya oblasts. The only airport in Dnipropetrovsk region, Dnipro airport, is privately owned by Dniproavia, an airline affiliated with oligarch Ihor Kolomoisky, which went bankrupt in 2017.
Government is likely to deliver a general deficit of 2.4% GDP in 2018,
which implies a full-year primary surplus in 2018. Ukraine needs to keep the budget deficit below the targeted 2.5% of GDP in 2019, as one of the key preconditions for financing from the IMF.
The Cabinet of Ministers of Ukraine has approved the draft national budget of Ukraine for 2019 for second reading at a meeting on November 13 . Acting Finance Minister of Ukraine Oksana Markarova said that the deficit of the budget remains at 2.3% of GDP. Prime Minister of Ukraine Volodymyr Groysman said that the draft budget envisages financing of the defence sector at 5.3% of GDP, although legislation provides for a lower limit of 5% of GDP. Earlier, Chairman of the Verkhovna Rada Andriy Parubiy said that the parliament would consider the bill on the national budget for 2019 on Thursday, November 22.
Ukraine's state budget revenue rose 15.4% year-on-year to UAH765bn ($27bn) in January-October, which is 2.3% below plan , the State Treasury provisionally reported on November 1.
Net tax revenue climbed 16.8% y/y to UAH313bn (0.4% above plan), while customs revenue rose 13.1% y/y to UAH276bn (as planned). Other budget revenue surged almost three times y/y to UAH83bn (14.0% below plan).
In October alone, net tax revenue surged 25.0% y/y (vs. a 4.3% y/y growth in September) to UAH26.7bn, which is 2.9% below plan. Customs revenue increased 23.1% y/y to UAH35.6bn, which is 11.9% above plan. October state budget revenue of UAH72.6bn was 1.8% above plan.
Local budgets’ revenue increased 16.5% y/y to UAH197bn in January-October, outperforming plan by 1.0%. Social payments (personal income tax and pension fund contributions paid by employers) jumped 26.7% y/y to UAH184bn.
"The current underperformance of state budget revenue is the result of a discrepancy in budgeting several central bank transfers to the budget,"
43 UKRAINE Country Report December 2018 www.intellinews.com