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2017 budget revenues overfulfilled by 2.7%

The surplus of revenues is estimated at 21bn hryvnyas.

2017 budget revenues overfulfilled by 2.7%
Photo: Photo: presidential press service

The revenues of the state budget of Ukraine in January-December last year reached 792.9bn hryvnyas, which is 28.7% (176.6bn hryvnyas) more than in 2016 and 2.7% more than planned, the Ministry of Finance said in a statement on Thursday, 4 January.

In monetary terms, the surplus amounted to 21.1bn hryvnyas (including thanks to the confiscation of 7.1bn hryvnyas and 12.8bn hryvnyas in own revenues of budgetary institutions).

The expenditures of the state budget reached 836.5bn hryvnyas. Budget expenditures grew by 22.1% (151.6bn hryvnyas) against 2016. At the same time, the expenditures of the general fund of the state budget amounted to 755.1bn hryvnyas, or 17.5% more than in 2016 (112.5bn hryvnyas).

The Ministry of Finance said that over 99% of local budgets for 2018 had been approved.

In early 2018, the balance of the single treasury account was 5bn hryvnyas, an almost 50bn-hryvnyas drop over December.