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to UAH24.6bn (18.8% below plan)
6.1.2 ​Budget dynamics - specific issues...
The Cabinet of Ministers of Ukraine has approved the rule for sending part of profit of state-owned enterprises (SOE) to the national budget, setting it at 50%,​ with exceptions for PrivatBank (75%) and NJSC Naftogaz Ukrainy (95%), MP Oleksiy Honcharenko has said. "The government approved the rule for sending part of profits of enterprises where the state owns over 50% of shares, which is sent to the national budget as dividends. "The baseline rule is 50%, while exceptions are for Ukrenergo and Ukrhydroenergo – 30%, PrivatBank – 75% and Naftogaz – 95%," Honcharenko wrote in his Telegram channel on Friday after the extraordinary government meeting.
6.1.3​ Budget dynamics - funding
Ukraine will pay its external debts on time in 2020 despite a looming recession ​caused by the coronavirus pandemic, the new finance minister told Reuters on April 17.
Serhiy Marchenko said the government had no plans to tap capital markets again this year but was relying on aid from the International Monetary Fund and other overseas institutions to meet its obligations.
According to the 2020 budget, Ukraine plans to borrow more than $9bn from external sources while servicing external debt of about $6.2bn.
“There is an agreement with the IMF that this year the funds under the new
35​ UKRAINE Country Report​ May 2020 ​ ​www.intellinews.com