State Budget Execution in February 2021

According to preliminary data of the State Treasury Service of Ukraine, in February 2021 the general fund of the state budget received UAH 67.3 billion and the monthly budget plan was executed by 101.9%.

The revenues from the State Tax Service amounted to UAH 37.7 billion or 103.2% of the monthly budget plan in February including:

• UAH 10.3 billion of personal income tax and military tax;
• UAH 5.3 billion of corporate profit tax;
• UAH 4.6 billion of fee for the use of mineral resources;
• UAH 4.6 billion of excises;
• UAH 9.4 billion of VAT (UAH 21.9 billion collected and UAH 12.5 billion reimbursed).

The revenues of the general fund of the state budget from customs payments were UAH 26.9 billion or 100.7% of the monthly budget plan. UAH 24.8 billion of total customs revenues are the revenues from the VAT and UAH 2.0 billion is import duty.

In general, the general fund of the state budget for the first two months of 2021 received UAH 124.9 billion or 104.0% of the February monthly plan.

According to the State Treasury data for January-February 2021, expenditures on the general fund of the state budget amounted to UAH 154.2 billion or 90.7% of the plan for the reporting period. Financing of social expenditures, defense expenditures, debt service as well as subventions and subsidies to local budgets was carried out in full under the schedule based on payment orders.

In January-February 2021, the general fund of the state budget was executed with a deficit of UAH 28.3 billion comparing to UAH 49.3 billion planned.

Actual government borrowings to the general fund of the state budget in January-February 2021 amounted to UAH 74.3 billion.

The borrowings to the state budget financing from the domestic bonds placements amount to UAH 74.3 billion, including UAH 14.0 billion equivalent in foreign currency (USD 416.8 million and EUR 70.5 million).

As of March 1, 2021, no funds were received from external sources.

The public debt principal payments in January-February 2021 amounted to UAH 51.5 billion, while interest payments were UAH 13.8 billion.