State Budget-2021: UAH 581.5 billion or 104.6% of the revenue plan was transferred to the General Fund in January-July 2021

According to the preliminary data of the State Treasury Service, in July 2021, the general fund of the state budget received UAH 75.6 billion. The monthly plan was executed by 102.2% (+ UAH 1.6 billion).

The revenues of the State Tax Service amounted to UAH 39.5 billion or 104.2% of the June plan (+ UAH 1.6 billion), including:

• personal income tax and military fee UAH 11.7 billion;
• corporate profit tax - UAH 2.0 billion;
• fee for the use of mineral resources - UAH 4.2 billion;
• excise tax on goods produced in Ukraine - UAH 6.3 billion;
• value-added tax - UAH 13.5 billion (UAH24.6 billion collected, reimbursed UAH 11.1 billion).

Customs payments to the general fund of the state budget amounted to UAH 33.1 billion or 100,5% of the June plan (+ UAH 0.2 billion). From the total receipts, UAH 30.5 billion was received in the form of value-added tax, UAH 2.2 billion - import duties.

The general fund of the state budget in the January-July of 2021 received UAH 581.5 billion or 104.6% of the budget of the reporting period (+ UAH 25.3 billion). The revenues of the State Tax Service amounted to UAH 330.5 billion, the budget plan for January-July was executed for 106.0% (+ UAH 18.6 billion), the State Customs Service - UAH 207.7 billion, the implementation was 104.1% (+ UAH 8.1 billion).

Receipt of a single fee for obligatory state social insurance in the Pension Fund and Social Insurance Funds in the 7 months of 2021 amounted to UAH 194.3 billion, which is UAH 7.8 billion more than the expected (planned) performance of the State Tax Service for the relevant period. Of this amount, UAH 29.2 billion was received in July (+ UAH 0.7 billion to expected).

According to the preliminary data of the State Treasury Service in January-July 2021, the expenditures for the general fund of the state budget amounted to UAH UAH 634.5 billion or 92.3% of the budget estimate for this period. Financing of social expenditures, defense expenditures, debt service expenditures, and subventions and grants to local budgets was carried out in full following the budget plan based on payment orders.

In January-July 2021 the state budget was executed with a deficit of UAH 50.2 billion, while the planned deficit of the general fund of the reporting period is UAH 132.4 billion.

Actual state borrowings to the general fund of the state budget in January-July 2021 amounted to UAH 296.7 billion or 74.7% of the planned for this period.

UAH 235.0 billion, including UAH 63.5 billion in foreign currency (USD 1.8 billion and EUR 418.1 million) was attracted for the financing of the state budget from the placement of domestic government bonds.

UAH 59.9 billion was attracted from external sources, including:

•  UAH 34.7 billion (USD 1.25 billion) through the placement of an 8-year Eurobond with a yield of 6.875%;
•  UAH 13.5 billion (USD 500.0 million) through an additional placement of an 8-year Eurobond with a yield of 6.875%;
•  UAH 0.4 billion (USD 15.0 million) from the IBRD loan within the framework of the project "Modernization of the Social Support System of Ukraine";
•  UAH 1.5 billion (USD 55.0 million) from the IBRD loan within the framework of the project "Second additional financing to overcome the consequences of the COVID-19 pandemic";
•  UAH 0.1 billion (USD 5.0 million) taking the IBRD loan within the framework of the project "Additional Financing for the Project "Modernization of the Social Support System of the Population of Ukraine;
•  UAH 0.1 billion (USD 3.6 million) from IBRD within the framework of the program "Additional Financing of the Project "Improving Public Health in the Service of People"; 
•  UAH 9.6 billion (USD 350 million) of the IBRD loan proceeds for the "First Development policy loan" system project.

Public debt repayment payments for January-July 2021 totaled UAH 265.2 billion, service payments - UAH 78.0 billion.