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Overall budget fund revenues grow 12.2% in January 2014

Posted by the Editor on February 7, 2014


News / 7 February 2014 | 10:49

Overall budget fund revenues grow 12.2% in January 2014

Overall budget fund revenues grow 12.2% in January 2014

Experts give a positive review of the published statistics of the State Treasury of Ukraine (the Treasury) in terms of the state budget revenues in January 2014, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
According to the Treasury, the general and special funds of the state budget received 25.3 billion UAH (including own revenues of budgetary institutions and subventions from the local budget) in January 2014.
22.5 billion UAH was paid to the general fund budget, which is up 12.2%, or 2.5 billion UAH from January 2013.
The special budget fund received 2.8 billion UAH in January of 2014.
Government analysts say that the general budget fund revenues grew even though the VAT refund was up in January 2014.
In January 2014, the VAT refund was  5.2 billion UAH, which is up 14.9%, or 0.7 billion UAH YOY, and up 1.1 billion UAH from the plan for January 2014.
In January 2014, the nominal growth of revenue in the general budget fund was 13.8% year-on-year.
Assessing the budget revenues in January, experts emphasize that the government is working under the conditions of political instability and an extremely difficult economic situation in the country.
Yet, the tax and customs payments to the state budget were quite acceptable in January. According to experts, this was made possible by the efforts of the Ministry of Revenue and Duties and responsible tax paying behavior.

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