KIEV: Ukraine’s national budget revenue totaled UAH 259.78 billion in January-April 2017, which is 18.9% or UAH 41.21 billion above the revenue target for the period, the State Treasury Service has reported.
Revenue increased by 51.1% or UAH 87.84 billion compared with the same period of 2016, due to receipt by the special fund on April 28 of UAH 30 billion (about $1.1 billion) in special confiscations and receipt in April of UAH 10 billion from the National Bank of Ukraine (NBU), which only began paying into the budget last year in October.
The budget received UAH 85.03 billion in April alone, 42.2% above target and nearly double the revenue figure for April 2016.
Tax revenue increased by 24.8%, to UAH 109.5 billion and customs revenue increased by 30.5%, to UAH 91.07 billion, which was 3.7% and 13.6% above target respectively.
In April, tax revenue totaled UAH 18.48 billion, 7.6% less year-on-year and 13.2% below target. But customs revenue increased 27.3% year-on-year, to UAH 24.22 billion, 13.5% above target. As a result, overall budget revenue in April was 0.2% above target and 9.4% higher than in April 2016.
The Treasury also said revenue to local budgets increased 40.5% in the four months of 2017 year-on-year, to UAH 61.71 billion, including an increase of 49.8%, to UAH 18.08 billion in April alone.
Ukraine’s 2017 national budget stipulates revenue totaling UAH 731.03 billion and UAH 800.13 billion, representing increases of 18.6% and 16.8% respectively over the actual indicators in 2016.
