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reimbursements is apparently the result of falling exports, but the rise in gross tax revenue is hard to explain given the continuing decline of Ukraine’s economy," Evgeniya Akhtyrko, an analyst at the Kyiv-based Concorde Capital brokerage, said in a research note. "More detailed fiscal statistics should emerge at the end of the month to offer more of an explanation of the phenomenal jump in budget collections."
6.1.2​ Budget dynamics - funding
Ukraine’s MinFin canceled its planned placement of a 12-year Eurobond on June 2 only hours after the book was closed​, Interfax-Ukraine reported on the morning of July 2, citing its sources. On the evening of June 1, Bloomberg reported that MinFin has completed its book building for a new Eurobond, deciding to issue $1.75bn notes maturing in March 2033 with a coupon rate of 7.304%. Out of the raised amount, $0.75bn had been planned to be used for a partial repurchase of Eurobonds maturing in 2021 and 2022. Just after the information on the closed book building appeared, the first reports surfaced in Ukraine that National Bank governor ​Yakiv Smolii filed a resignation request​, which caused the investors to balk at the issue and it was pulled.
The Ukrainian government has trebelded its projected budget deficit for 2020 to 7.5% of GDP​, which was agreed with the IMF, Finance Minister Serhiy Marchenko said back in April. The IMF predict that the deficit of Ukraine's national budget in 2020 may be 7.7% of GDP, as well as 5.3% and 3.5% in 2021 and 2022, respectively.
The executive board of the International Monetary Fund (IMF) has
44​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com