The state budget of Ukraine had a deficit of UAH 1.33 trillion in 2023

Ukraine's state budget for 2023 is set to have a deficit of UAH 1.33 trillion, the press service of the Ministry of Finance reported on Tuesday, UNN reports.

Details

"For 2023, the state budget was executed with a deficit of UAH 1.33 trillion, including the general fund in the amount of UAH 1.36 trillion, against the deficit of UAH 1.83 trillion planned by the general fund schedule for 2023 ," the Ministry of Finance reported , citing operational data from the Treasury Service.

In 2023, the general fund of the state budget received more than UAH 1.66 trillion in taxes, fees and other payments.

As noted, the fulfillment of the annual revenue plan by the tax service amounted to 100.7% (+UAH 4.9 billion), and by the customs service - 93.9 % (-UAH 25.7 billion). "The main reason for lower customs revenues was the blocking of Ukrainian freight transportation by Polish carriers, as well as a stronger than expected hryvnia/US dollar exchange rate," the Ministry of Finance explained.

Another important source of state budget revenues last year, as indicated, was the funds received by Ukraine in the form of international assistance (grants): their amount amounted to 425.4 billion hryvnias. 

According to the latest data, in 2023, the cash expenditures of the state budget amounted to more than  4 trillion UAH, including the general fund - 3.03 trillion UAH, or 98% of the plan for the reporting period. 

Actual state borrowings to the general fund of the state budget for 2023 reportedly amounted to UAH 1.68 trillion , or 73.7% of the planned amount for this period. At the same time, UAH 1.13 trillion (or USD 30.9 billion) was received from external sources.

At the same time, according to the current data, public debt repayments for 2023 amount to UAH 436.5 billion (95.8% of the plan), and service payments amount to UAH 247.4 billion (93.3% of the plan).