Page 38 - UKRRptNov19

6.0 Public Sector 6.1 Budget
Budget and debt indicators
State budget revenues, UAH bln
% of GDP
State budget expenditures, UAH bln
% of GDP
State budget balance, UAH bln
% of GDP
Public debt, UAH bln
% GDP
Source: SP Advisors
2008 2009 2010
231.7 209.7 240.6
2011
314.6
2012
346
2013
339.2
2014
357.1
2015
534.6
2016 2017
616.3 793.4
2018E
2019E
928.1 1053
24.4% 23.0% 22.3% 24.2% 24.6% 23.2% 22.5% 26.9% 25.9% 26.6% 26.1% 26.2%
244.2 245.2 304.9 338.1
399.4 403.9
435.1 579.8
686.4 841.3 987.4 1121
25.8% 26.8% 28.3% 26.0% 28.4% 27.6% 27.4% 29.2% 28.8% 28.2% 27.7% 27.9%
-12.5 -35.5 -64.3 -23.6
-53.4 -64.7
-78 -45.2
-70.1 -47.9 -59.3 -68.4
-1.3% -3.9% -6.0% -1.8% -3.8% -4.4% -4.9% -2.3% -2.9% -1.6% -1.7% -1.7%
189 318 432 473 516 584 1,101 1,572 1,930 2142 2169 2410
20.0% 34.8% 40.1% 36.4% 36.7% 39.9% 69.4% 79.0% 81.0% 71.8% 60.9% 59.9%
5.4% of GDP will be spent on defence and security in 2020, according to Finance Minister Oksana Markarova. UAH136bn, or 3% of GDP, will be disbursed to the Ministry of defence while UAH723mn will go to housing for active personnel and veterans. Ukraine is among the world’s top defence spenders by a percentage of GDP.
$43bn in income and $46.5bn in expenditure are expected.
Naftogaz contributed 15% of the entire state budget, or $3.4bn, in the first three quarters of 2019, the company reports. In 2018, the company paid $5.62bn to the state budget or about 5% of Ukraine’s entire GDP.
38 UKRAINE Country Report November 2019
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