Budget expenditures increased by 10% this year: what was spent on the most
Kyiv • UNN
The total expenditures of the state budget of Ukraine in January-July 2024 amounted to UAH 1.8 trillion, which is 10.3% more than last year. Most of the funds were allocated for wages, social security and support for the Armed Forces.
Expenditures from the general fund of the state budget in January-July increased by 10.3% to UAH 1.8 trillion, compared to last year, the Ministry of Finance reported on Monday, UNN reports.
Details
"In January-July 2024, the total cash expenditures of the general fund of the state budget amounted to UAH 1.8 trillion, which is UAH 168.7 billion, or 10.3% more than in the same period last year. In particular, in July, UAH 264.3 billion was spent," the Ministry of Finance reported, citing data from the State Treasury as of August 15.
Reportedly, the structure of expenditures is the most targeted:
- UAH 707.9 billion was allocated for wages and salaries (including UAH 107.6 billion in July) or 39.1% (up by UAH 38 billion or 5.7% compared to the previous year). In particular, UAH 537.9 billion was allocated for the salaries of the military (UAH 80.9 billion in July);
- UAH 294.6 billion - to pay for the use of goods and services (in July - UAH 46.4 billion), or 16.3% of total expenditures. This includes:
- UAH 165.3 billion to support the Armed Forces of Ukraine and other military formations and law enforcement agencies;
- UAH 89 billion was transferred to the NHSU to implement the program of state guarantees of medical care for the population;
- UAH 328.6 billion was spent on social security (payment of pensions, allowances, scholarships) (UAH 46.5 billion in July) or 18.2% of total expenditures, which is UAH 24 billion or 7.9% more than in the same period last year;
- UAH 168.6 billion was spent on subsidies and current transfers to enterprises (institutions, organizations) (in July, this figure was UAH 22.2 billion), or 9.3% of total expenditures. This includes:
- UAH 144.4 billion for the purchase of goods to meet the needs of the Armed Forces;
- UAH 13 billion to ensure the functioning of the Entrepreneurship Development Fund;
- UAH 154.9 billion - for public debt servicing (in July - UAH 22.1 billion) or 8.6% of the total (up by UAH 26.8 billion or 20.9% compared to the same period last year);
- UAH 104.9 billion - for transfers to local budgets (in July - UAH 12.7 billion) or 5.8% of the total (compared to the same period last year, it increased by UAH 12.7 billion or 13.7%).
