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6.1.2 ​Budget dynamics - specific issues...
Ukraine’s natural gas monopolist​ N​ aftogaz​ remains the biggest tax payer in the country ​after it paid UAH120.3bn ($306.8mn) in taxes and dividends to the state and local budgets in 2019, the company said in a press release on January 16. The payment included UAH22.3bn of income tax, UAH32.3 of VAT, UAH32.2bn of royalty, UAH20.8bn of dividends, with UAH15.1bn of taxes and dividends for 2019 paid in advance in 1Q19 as agreed with the Ministry of Finance, the company said. Naftogaz group’s contribution accounted for nearly 16% of the state budget revenue in 2019.
At the same briefing, Dmytro Sologub, deputy central bank governor, told reporters that last year’s growth of around 3.5% was enough to trigger $100mn in payments on Ukraine’s 2015 GDP warrants​. Hours later, Finance Minister Oksana Markarova, told a financial forum: “Triggers haven’t come today. Both the Ministry of Finance and our debt management team are carefully analyzing all instruments, including potential ones.”
30​ UKRAINE Country Report​ February 2020 ​ ​www.intellinews.com