Page 23 - bne OUTLOOK 2022 Ukraine

4. Budget & Debt
• Budget 2022
The Rada approved the 2022 national budget on December 2. The
document allows for a 3.5% deficit -- in line with IMF demands.
NBU expects a state budget deficit of 2021 at 4% of GDP. The National Bank of Ukraine expects the state budget deficit for 2021 at the level of 4% of GDP with 5.5% of GDP planned in the law on the state budget and its additional financing of UAH40bn ($1.47 bln) by the end of the year with UAH150bn ($5.52 bln) determined by the law.
Some highlights are:
Defence spending: 6% of GDP
Payments to people who get fully vaccinated: $292mn Modernization of railways: $158mn
Development of airports: $125mn
Highway toll collection system for trucks: $40mn
The general fund of the state budget of Ukraine for January-November 2021 was executed with a deficit of UAH57.4bn ($2.12bn), when projected for the reporting period in the amount of UAH175.7bn ($6.48bn), the Ministry of Finance said. The Ministry of Finance pointed out that in 11 months, the general fund received UAH984.3bn (4.4%, or UAH41.6bn more than planned),
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