Page 28 - UKRRptFeb20

Budget and debt indicators
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
State budget revenues, UAH bln
231.7
209.7
240.6
314.6
346
339.2
357.1
534.6
616.3
793.4
928.1
1053
% of GDP
24.4%
23.0%
22.3%
24.2%
24.6%
23.2%
22.5%
26.9%
25.9%
26.6%
26.1%
26.2%
State budget expenditures, UAH bln
244.2
245.2
304.9
338.1
399.4
403.9
435.1
579.8
686.4
841.3
987.4
1121
% of GDP
25.8%
26.8%
28.3%
26.0%
28.4%
27.6%
27.4%
29.2%
28.8%
28.2%
27.7%
27.9%
State budget balance, UAH bln
-12.5
-35.5
-64.3
-23.6
-53.4
-64.7
-78
-45.2
-70.1
-47.9
-59.3
-68.4
% of GDP
-1.3%
-3.9%
-6.0%
-1.8%
-3.8%
-4.4%
-4.9%
-2.3%
-2.9%
-1.6%
-1.7%
-1.7%
Public debt, UAH bln
189
318
432
473
516
584
1,101
1,572
1,930
2142
2169
2410
% GDP
20.0%
34.8%
40.1%
36.4%
36.7%
39.9%
69.4%
79.0%
81.0%
71.8%
60.9%
59.9%
Source: SP Advisors
Ukrainian President Volodymyr Zelenskiy signed off on the draft national budget for 2020 on December 13.
The budget envisages the allocation of UAH1.2bn on the creation of the Bureau of Financial Investigations. Some UAH1.84bn will be spent on development and implementation of state investment projects, of, which UAH772.5mn will be allocated for healthcare, UAH390mn – for transport infrastructure, UAH190mn – for environmental protection, and UAH180mn – for education.
The draft budget also envisages the allocation of UAH52.76mn for the Government Debt Management Agency.
Receipts of the national budget in 2020 are planned at UAH1.093 trillion, including UAH974.7bn of receipts of the general fund of the national budget and UAH119bn of receipts of the special fund.
National budget expenditures in 2020 will amount to UAH1.18 trillion, including UAH1.052bn for the general fund.
The budget deficit limit was set at UAH94.3bn, or 2.09% of GDP.
6.1.1 ​Budget dynamics - results
Ukraine’s general budget in 2019 posted a deficit of UAH84.3bn amid revenue growth of 8.9% y/y and an expenditure increase of 9.6% y/y​, the State Treasury reported on January 27. The deficit was equivalent of 1.8% of GDP .
General revenues met 97.5% of the annual fiscal plan, while expenditures were at 94.0%.​ The state budget deficit amounted to UAH78.0bn in 2019 amid a deficit ceiling set at UAH91.1bn.
The national budget receipts for 2019 increased 7.6%, to UAH998.28bn,
including growth of 5.5% for the general fund, to UAH879.83bn.
The national budget expenditures amounted to UAH1.073 trillion, ​which is 8.7% more than the expenses of the national budget 2018, including growth of 8.4% for the general fund, to UAH952.98bn.
The national budget of Ukraine for 2020 was approved with receipts of
28​ UKRAINE Country Report​ February 2020 ​ ​www.intellinews.com