Budget 2020 over-achieved in income – Treasury

Due to the coronavirus pandemic, at the beginning of the year, plans were adjusted to fill the state budget for 2020.

In 2020, state budget revenues amounted to 1,075.7 billion hryvnia, 1.5% more than the adjusted plan at the beginning of the year (1,059.9 billion hryvnia), reports the State Treasury Service.

Revenues from the state budget last year were reportedly 7.7% higher than the previous year, when they amounted to 998.3 billion UAH.

At the same time, in December 2020, the revenue amounted to 130.98 billion hryvnia. This is 16.6% more than the plan (112.3 billion hryvnia) and 32.7% more than last year (98.6 billion hryvnia).

At the same time, the amount of funds in the Single Treasury Account as of January 1, 2021 is 12 billion UAH, 39.2% less than a month earlier.

As of January 1, 2020, the balances of the Single Treasury Account amounted to UAH 17.5 billion, that is, more than 30% more.

Recall that to finance the budget, the Ministry of Finance sold government bonds in December for almost 116 billion UAH.

As you know, half of Ukraine’s budget consists of government bonds. The National Bank considers one of the risks of the budget for 2021 to be overly optimistic plans for domestic borrowing of almost half a trillion hryvnia.

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