Page 40 - UKRRptAug20

6.0​ Public Sector 6.1​ Budget
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
Ukraine is going to struggle to finance the budget this year​. This is due to the need to return past debts (Ukraine planned on repaying about $12.5bn in domestic and external debt this year) and the need to finance the government’s budget deficit.
At the same time, the ongoing coronavirus crisis is impacting Ukraine’s ability to fulfil these needs, not only by reducing budget revenues, but also by
40​ UKRAINE Country Report​ August 2020 ​ ​www.intellinews.com