The budget deficit in the First quarter of 2016 made up of 10.57 billion USD

Дефицит госбюджета в І квартале 2016 г. составил 10,57 млрд грн

For the First quarter of 2016 state budget deficit of Ukraine % to 10.57 billion USD, according to 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.

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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. The income determined in the amount of 595,16 billion UAH, including General Fund – 562,81 billion UAH, expenses – 667,82 billion USD and 633,51 billion USD respectively.

State budget 2016 based on the forecast of GDP growth at 2% with inflation at 12%. In 2015 the level of GDP decline amounted to 10.5%, the inflation rate is 43.3%.

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