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6.1.3 Budget dynamics - funding
The National Bank of Ukraine (NBU) includes the fall of revenue from gas transit by $1bn for 2020 in its projections, NBU Deputy Governor Dmytro Sologub has said in an interview with Interfax-Ukraine. "For the time being, we include minus $1bn from a decrease in transit in the forecast (for 2020). This affects the macroeconomic parameters, but not fatally," he said.
The EU reaffirmed on July 90 its willingness to disburse the second tranche of €500mn in macro-financial aid – pending Ukraine meeting a checklist of reforms. Last April, Finance Minister Oksana Markarova said that half of the reforms have been accomplished. This summer, three more are underway: a competitive electricity market, an independent, modernized customs service, and a High Anti-Corruption Court.
6.1.4 Budget dynamics - privatization
Ukraine earned approximately USD 10.1 million from 197 small-scale privatizations conducted via electronic auction during January-June 2019, according to State Property Fund acting head Vitaliy Trubarov. The “small privatization” initiative got underway in summer 2018 and aims to sell off state assets, mostly in the form of real estate with a nominal value of less than UAH 250 million. At the start of 2019, the State Property Fund approved a list of small privatization targets totaling 792 properties. Electronic auctions are scheduled for a further 104 facilities as efforts continue to reduce the Ukrainian state’s large stockpile of assets and generate further budget funds.
35 UKRAINE Country Report August 2019 www.intellinews.com