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General Fund of State Budget Received UAH 97.3 billion of Revenues In June 2022

According to the preliminary data of the State Treasury Service of Ukraine, in  2022, the general fund of the state budget received UAH 97.3 billion of revenues. 

The main sources of the state budget revenues were the following :

  • personal income tax and military fee - UAH 12.6 billion;
  • value-added tax on goods imported into the customs territory of Ukraine - UAH 11.9 billion;
  • value-added tax on goods produced in Ukraine - UAH 11.7 billion;
  • dividends transferred by enterprises with a state share - UAH 5.1 billion;
  • excise tax on goods imported into the customs territory of Ukraine - UAH 8.6 billion;
  • corporate profit tax - UAH 3.1 billion;
  • fee for the use of mineral resources - UAH 2.8 billion.

Receipts of a single fee on obligatory national social insurance in the pension fund and social insurance funds in June of 2022 amounted to UAH 37.9 billion. 

Following the military invasion of the Russian Federation on February 24, 2022 into the territory of Ukraine, the government immediately took priority measures to reorient the state budget to military purposes and to implement the necessary social expenditures aimed at maintaining the livelihood of the population. 

Thus, according to the preliminary data of the State Treasury Service of Ukraine in January-June 2022, cash expenditures of the state budget amounted to UAH 1,032.9 billion, including the general fund of the state budget were carried out according to the plan and amounted to UAH 972.7 billion, or 78.6% of the plan for the reporting period.

At the same time, in June 2022, the expenditures of the state budget were made in the amount of UAH 248.7 billion, including the general fund - in the amount of UAH 232.4 billion, or 83.3% of the June plan.

In January-June, the deficit of the state budget amounted to UAH 405.2 billion, including the general fund - in the amount of UAH 406.1 billion. In June, the actual deficit of the state budget amounted to UAH 141.2 billion, including the general fund of UAH 134.9 billion.

Actual state borrowings to the general fund of the state budget for January-June 2022 amounted to UAH 561.3 billion.

UAH 349.7 billion, including UAH 28.1 billion in foreign currency (USD 653.5 million and EUR 288.3 million) was attracted for the financing of the state budget from the placement of domestic government bonds. At the same time, UAH 327.6 billion was issued due to the issuance of war bonds, including UAH 225 billion by the National Bank of Ukraine.

Since the beginning of the year UAH 211.6 billion was attracted from external sources:

  • UAH 1 billion (USD 34.5 million) from the IBRD loan within the framework of the project "Acceleration of Investment in Agriculture of Ukraine".
  • UAH 1.2 billion (USD 40.0 million) from the IBRD loan within the framework of the project “Second additional financing aimed at overcoming the consequences of the COVID-19 pandemic”.
  • UAH 0.4 billion (USD 15 million) receipt of IBRD loan funds under the project "Additional financing for the project "Emergency Response to COVID-19 and Vaccination in Ukraine".
  • UAH 0.1 billion (USD 5.4 million) receipt of IBRD loan funds under the project "Emergency Response to COVID-19 and Vaccination in Ukraine".
  • UAH 41.3 billion (USD 1.4 billion) receipt of International Monetary Fund funds as part of additional funding under the Rapid Financing Instrument (RFI) emergency support program.
  • UAH 37.1 billion (EUR 1.2 billion) of the EU loan as part of a new package of macro-financial assistance.
  • UAH 8.5 billion (EUR 257.0 million) of the EIB loan proceeds from the APEX project.
  • UAH 14.3 billion. (EUR 0.4 billion) receipt of IBRD loan funds under the project "Additional Loan to the Second Economic Recovery Development Policy Loan".
  • UAH 2.7 billion (USD 91.2 million) receipt of the IBRD loan funds within the framework of the project "Second Additional Financing for COVID-19 Reagent and Vaccination in Ukraine".
  • UAH 12.6 billion (EUR 382.0 million) receipt of the EIB loan funds under the project "Main loan for the agricultural sector".
  • UAH 9.7 billion (EUR 300.0 million) of the loan funds of the French Development Agency.
  • UAH 3.5 billion (USD 120.0 million) receipt of IBRD loan funds under the project "Improving Higher Education in Ukraine for Results".
  • UAH 11.5 billion (USD 3922.88 million) from a loan from the Government of Canada.
  • UAH 4.8 billion (EUR 150.0 million)of proceeds from the loan from KfW (Project "MSME - Covid-19 financing".
  • UAH 0.7 billion (EUR 22.2 million) loan from the International Development Association (Supporting public expenditures to ensure sustainable public administration in Ukraine).
  • UAH 0.7 billion (USD 24.6 million) loan from the IBRD within the framework of the project "Additional financing Modernization of the system of social support of the population of Ukraine".
  • UAH 0.2 billion (USD 7 million) loan from the IBRD within the framework of the project "Additional financing of the project Improving health care at the service of people.
  • UAH 0.9 billion (USD 30 million) loan from the IBRD within the framework of the project Modernization of the Social Support System of the Population of Ukraine.
  • UAH 13.1 billion (EUR 424.6 million) loan from the IBRD within the framework of the project Supporting public expenditures to ensure sustainable public administration in Ukraine.
  • UAH 2.9 billion (USD 99 million) loan from the IBRD within the framework of the project Eastern Ukraine: Reunification, Restoration, Reviva".
  • UAH 4.7 billion (EUR 149.3 million) loan from the Credit Institution for Reconstruction (KfW).
  • UAH 22.8 billion UAH (CAD 585.8 million) loan from the Government of Canada;
  • UAH 17.0 billion (JPY 78.0 billion) loan from the Japan International Cooperation Agency for the development policy in the sphere of emergency economic rehabilitation.

Public debt repayments in January-June 2022 totaled UAH 214.8 billion, and debt service payments amounted to UAH 86.6 billion.