The budget deficit exceeded ten billion

Дефицит бюджета превысил десять миллиардов

According to the results of the same period last year recorded a surplus of 4.17 billion USD.

For the first quarter of 2016, the budget deficit was of 10.57 billion USD, according to data of the Ministry of Finance.

According to the results of the same period last year recorded a surplus of 4.17 billion USD.

The General Fund deficit in January-March 2016 made up 11.24 billion USD, while for the same period last year, the surplus amounted to UAH 3.74 billion.

Budget revenues in the First quarter of 2016 compared with the same period last year increased by 14.1% to 129,16 billion UAH, including the General Fund by 13%, to 121,43 billion USD.

State budget expenditures in January-March 2016, compared with the same period last year increased by 28.9% – 140,17 billion UAH, including the General Fund – 28.8%, to 133.78 billion USD.

According to the Finance Ministry, in the First quarter of 2016, there were no contributions to the state budget from the National Bank, while over the same period last year the budget was directed to 5.45 billion USD. Also in the First quarter of 2016, absent the receipt of funds from the sale of licenses for 3G connection, while over the same period last year they amounted to 6.16 billion USD.

The deficit of the state budget of Ukraine in 2015 amounted to 45.15 billion UAH, including the General Fund – 38,86 billion USD, while the 2014 – 72,03 billion USD and 55,02 billion USD respectively.

The state budget approved 2016, with the ultimate size of the deficit 83,69 billion USD, or 3.7% of forecasted GDP.

Earlier it was reported that during finalisation of the draft budget 2016, the Cabinet has reduced the income and expenses of 6.3 billion USD.

Source