Ukraine’s state budget received about UAH 170B in July 2022

The relevant statement was made by the Ukrainian Finance Ministry, an Ukrinform correspondent reports.

“According to the current data from the Ukrainian State Treasury Service, the state budget general fund received UAH 169.6 billion in July 2022,” the report states.

Most revenues controlled by tax and customs agencies came from the value-added tax on Ukrainian-manufactured goods (UAH 35.4 billion); value-added tax on goods imported into the customs territory of Ukraine (UAH 20.2 billion); individual income tax and military tax (UAH 13.3 billion); excise tax (UAH 7.8 billion); corporate income tax (UAH 4.8 billion); rent payments for subsurface management operations (UAH 3.6 billion); import and export duties (UAH 1.9 billion).

In addition, Ukraine’s state budget general fund received UAH 80.4 billion worth of international assistance (grants) last month.

In January-July 2022, the state budget was completed with a deficit of UAH 412.0 billion, including the general fund in the amount of UAH 411.3 billion against the projected general fund deficit of UAH 743.4 billion.

In July 2022, the actual state budget deficit came to UAH 3.7 billion, including the general fund in the amount of UAH 4.8 billion.

A reminder that, with Russia’s full-scale invasion of Ukraine since February 24, 2022, Ukraine’s state budget has refocused on military objectives. In 2022, the priority financing of expenditures is aimed at increasing the country’s defense capacity and making the most necessary social expenditures to ensure support for the livelihood of population.

Photo: National Bank of Ukraine

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