: :inin Kyiv (EET)

Ukraine`s budget in Feb sees UAH 4.9 bln deficit due to social spending

Ukraine`s national budget was executed with a deficit of UAH 4.9 billion, or about $187 million, in February 2016, which translated into a combined deficit of UAH 2.4 million in January-February 2016, according to the National Bank of Ukraine (NBU).
The deficit was formed due to an expected increase in social spending with a simultaneous slowdown in revenue growth.
As the same time, the consolidated budget, which consists of the national coffer and local budgets, posted a surplus of UAH 800 million due to the UAH 5.7 billion surplus of the local budgets, which is traditionally high at the beginning of the year.
As UaPosition reported earlier, UAH 70.545 billion was transferred to the general and special funds of Ukraine`s national budget January through February 2016, according to the State Treasury Service`s rough estimates. It was 17%, or UAH 10.24 billion up on the same period last year.
Ukraine`s parliament passed a bill on Ukraine`s national budget on December 25, 2015, setting its deficit at 3.7% of GDP. The revenues were fixed at UAH 595 billion.


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