The State Budget Performance in September 2020
-
About Ministry
- Recruitment
-
Accountable agencies
- State Enterprises and Institutions Belonging to the Sphere of Management of the Ministry
- State Service for Financial Monitoring
- State Treasury
- The State Audit Service of Ukraine
- State Tax Service of Ukraine
- State Customs Service of Ukraine
- Personnel Audit Procedures of State Customs Service
- State Tax University
- Minfin Panel
-
Policy Issues
- Budget policy
- Tax Policy
-
Customs Policy
-
Customs Reform
- Common transit mode
- System of simplifications
- General declaration of arrival
- Authorized economic operators
- The only window for international trade
- Promoting the protection of intellectual property rights
- Qualification and reliability testing
- Functioning of the State Customs Service in the format of a single legal entity
-
Customs Reform
-
Accounting and Auditing
-
Accounting
-
Introduction of International Financial Reporting Standards
- Translation of international financial reporting standards of 2024
- Translation of international financial reporting standards of 2023
- Translation of the 2022 International Financial Reporting Standards and the Conceptual Framework for Financial Reporting
- Archive of translations
- Taxonomy
- Translation of technical publications
- General Clarifications (filled in after the preparation of the relevant letters of explanation)
- Accounting in Private Sector
- Accounting in the Public Sector
- Methodological Accounting Council under the Ministry of Finance of Ukraine (download a short description)
- IFRS Council under the Ministry of Finance of Ukraine (download a short description)
-
Introduction of International Financial Reporting Standards
- Auditing
-
Accounting
- Debt policy
- Financial Policy
- National income strategy
-
Financial Monitoring
- Statements and reports of international organizations
- Legislation
- International standards
- Methodological assistance (recommendations and explanations)
- Education, trainings and seminars
- Samples of drawing up a schematic representation of the ownership structure
- List of states (jurisdictions) that do not comply or improperly implement the recommendations of international and intergovernmental organizations involved in the field prevention and counteraction
- List of persons to whom sanctions have been applied
- List of terrorists
- Send a report on violation of the legislation in the field of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction
- Methodology for determining the ultimate beneficial owner by a legal entity
-
International Cooperation
- Partners
-
Cooperation in Attracting Financing from the International Financial Institutions
- Procedure for attracting funds of International Financial Institutions
- World Bank
- EBRD
- EIB
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
- KFW
- Register of Joint IFIs Projects at the Stage of Preparation and Implementation (information)
- International Technical Assistance (within the competence of the Ministry of Finance)
- Monitoring of international technical assistance projects
- Cooperation with the Development Partners
- International Tax Relations
- Development of Public Internal Financial Control (PIFC)
- Other Areas of Public Policy
-
Legislation
-
Regulatory Activity
- reports_on_the_effectiveness_of_regulatory_acts_2024
- The activity plan for the preparation of the regulatory acts draft 2024
- Schedule of measures to monitor the effectiveness of regulatory acts 2024
- reports_on_the_effectiveness_of_regulatory_acts_2023
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2023
- Reports on the effectiveness of regulatory acts 2022
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2022
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2021
- Schedule of measures to monitor the effectiveness of regulatory acts 2021
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2020
- Schedule of measures to monitor the effectiveness of regulatory acts 2020
- Reports on the effectiveness of regulatory acts 2019
- The activity plan for the preparation of the regulatory acts draft 2019
- Schedule of measures to monitor the effectiveness of regulatory acts 2019
- Reports on the effectiveness of regulatory acts 2018
- The activity plan for the preparation of the regulatory acts draft 2018
- Schedule of measures to monitor the effectiveness of regulatory acts 2018
- Reports on the effectiveness of regulatory acts 2017
- The activity plan for the preparation of the regulatory acts draft 2017
- Schedule of measures to monitor the effectiveness of regulatory acts 2017
- Reports on the effectiveness of regulatory acts 2016
- The activity plan for the preparation of the regulatory acts draft 2016
- Schedule of measures to monitor the effectiveness of regulatory acts 2016
- Reports on the effectiveness of regulatory acts 2015
- The activity plan for the preparation of the regulatory acts draft 2015
-
Draft Regulatory Acts Discussion
- Regulatory acts draft for discussion 2024
- Regulatory acts draft for discussion 2023
- Regulatory acts draft for discussion 2022
- Regulatory acts draft for discussion 2021
- Regulatory acts draft for discussion 2020
- Regulatory acts draft for discussion 2019
- Regulatory acts draft for discussion 2018
- Regulatory acts draft for discussion 2017
- Regulatory acts draft for discussion 2016
- Regulatory acts draft for discussion 2015
- Draft Legislation
-
Regulatory Activity
-
Data
- Cooperation with Civil Society
- Press Center
According to preliminary data of the State Treasury Service, in September 2020, the general fund of the state budget received UAH 61.1 billion, the budget monthly plan was executed by 115.8% or UAH +8.4 billion.
The revenues from payments controlled by the State Tax Service amounted to UAH 31.6 billion, the planned indicator was overperformed by 136.9%, or + UAH 8.5 billion.
The overperformance was caused by the following payments:
- VAT (+ UAH 5.2 billion), in particular by improving the system of monitoring the compliance of tax invoices with the criteria for assessing the level of risk, the elimination of VAT fraud schemes,
- an excise tax on tobacco products (+ UAH 1.1 billion),
- fee for the use of mineral resources (+ UAH 0.6 billion),
- personal income tax and military fee (+ UAH 2.1 billion) due to the gradual recovery of economic activity and the increase in the minimum wage from September 1 to 5,000 hryvnias.
The revenues of the general fund of the state budget from customs payments in September 2020 were UAH 27.0 billion, the budget monthly plan was performed by 100.7% or + UAH 0.2 billion.
Over the past five months of this year, the underperformance of the general fund of the state budget, compared to January-April, decreased by UAH 34.2 billion - to "minus" UAH 10.0 billion, resulting in the improved cumulative performance of the general fund of the state budget to 98.5% in January -September (in January-April 2020, the performance was 86.1% or UAH "- 44.2" billion).
According to the State Treasury data in January-September 2020, the expenditures of the general fund of the state budget amounted to UAH 750.3 billion, or 88.9% of the budget monthly plan. At the same time, social expenditures, defense expenditures, debt and transfers to local budgets are fully funded in accordance with a budget plan and payment orders.
In January-September 2020, the state budget was executed with a deficit of UAH 80.6 billion, including the deficit of the general fund of UAH 93.2 billion, while the general fund's planned figure for the reporting period was UAH 177.5 billion.
Actual borrowings to the general fund of the state budget in January-September amounted to UAH 399.3 billion or 76.9% of the planned amount for this period.
The total borrowings for the state budget financing from the domestic bonds placements amount to UAH 219.7 billion (80.7% of the plan), including 87.7 billion hryvnias from government bonds in foreign currency (USD 2.6 billion and EUR 0.7 billion).
The borrowings' amount from external sources was UAH 179.6 billion (72.6% of the plan), in particular:
UAH 33.9 billion (EUR 1.25 billion) by placing 10-year Eurobonds at 4.375%;
UAH 55.2 billion (SDR 1.5 billion) of receiving the first tranche of the IMF loan within the Stand-by 2020 Program;
UAH 15.0 billion (EUR 500 million) - EU macro-financial assistance;
UAH 2.4 billion (USD 86.0 million) - disbursements of IBRD loans within the “Social Safety Nets Modernization Project” and “Serving People Improving Health Project”;
UAH 55.4 billion by placing the 12-year Eurobonds in the amount of USD 2.0 billion at 7.253%, including UAH 24.1 billion (USD 0.9 billion) for the early buy-back of 2015 external government bonds maturing in 2021-2022;
UAH 9.0 billion - private placement of the 2015 second series external government bonds additional issue in the amount of USD 328.8 million for the purpose of a transaction with the state derivatives;
UAH 8.3 billion (EUR 250.0 million) - loans from Cargill Financial Services International, Inc.
The repayment of public debt in January-September amounted to UAH 330.6 billion (98.8% of the plan), debt-service payments were UAH 98.4 billion (97.4% of the plan).