State Budget-2021: UAH 700 billion or 104.1% of the revenue plan was transferred to the General Fund in January-August 2021

According to the preliminary data of the State Treasury Service, in August 2021, the general fund of the state budget received UAH 118.6 billion. The monthly plan was executed by 102.0% (+ UAH 2.4 billion).

The revenues of the State Tax Service amounted to UAH 79.4 billion or 103.1% of the August plan (+ UAH 2.4 billion), including:

• personal income tax and military fee UAH 11.0 billion;
• corporate profit tax - UAH 36.9 billion;
• fee for the use of mineral resources - UAH 6.2 billion;
• excise tax on goods produced in Ukraine - UAH 6.1 billion;
• value-added tax - UAH 15.3 billion (UAH 26.1 billion collected, reimbursed UAH 10.8 billion).

Customs payments to the general fund of the state budget amounted to UAH 36.4 billion or 100,4% of the August plan (+ UAH 0.2 billion). From the total receipts, UAH 33.9 billion was received in the form of value-added tax, UAH 2.4 billion - import duties.

The general fund of the state budget in the January-August of 2021 received UAH 700.0 billion or 104.1% of the budget of the reporting period (+ UAH 27.7 billion). The revenues of the State Tax Service amounted to UAH 409.9 billion, the budget plan for January-August was executed by 105.4% (+ UAH 21.0 billion), the State Customs Service - UAH 244.1 billion, the performance was 103.5% (+ UAH 8.3 billion).

Receipt of a single fee on obligatory national social insurance in the Pension Fund and Social Insurance Funds in the 8 months of 2021 amounted to UAH 221.4 billion, which is UAH 7.7 billion more than the planned performance of the State Tax Service for the relevant period. Of this amount, UAH 27.1 billion was received in August.

According to the preliminary data of the State Treasury Service in January-August 2021, the expenditures of the general fund of the state budget amounted to UAH 717.1 billion or 91.6% of the budget estimate for this period. Financing of social expenditures, defense expenditures, debt service expenditures, and subventions and transfers to local budgets was carried out in full following the budget plan based on payment orders.

In January-August 2021 the state budget was executed with a deficit of UAH 6 billion, including a UAH 13.3 billion deficit of the general fund of the state budget (vs UAH 110.3 billion planned for this period).

Actual state borrowings to the general fund of the state budget in January-August 2021 amounted to UAH 302.1 billion or 72.4% of the planned for this period.

UAH 240.1 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 60.2 billion was attracted from external sources, including:

•  UAH 48.2 billion (USD 1.75 billion) through the placement of an 8-year Eurobond with a yield of 6.876 and additional placement was priced at the yield of 6.3%%;
• 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 0.3 billion (USD 12.4 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-August 2021 totaled UAH 283 billion, service payments - UAH 87.1 billion.