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The Ministry of Finance estimated the state budget deficit for July

Photo: Ministry of Finance of Ukraine

The agency noted that the state budget for seven months of 2022 was executed with a deficit of UAH 412 billion.

The state budget of Ukraine for the seven months of 2022 was executed with a deficit of UAH 412 billion. Including the general fund – UAH 411.3 billion, with a planned deficit for this period of UAH 743.4 billion. This was announced by the Ministry of Finance on Monday, August 1.

The ministry clarified that in July the deficit of the general fund of the state budget fell to UAH 4.8 billion from UAH 134.9 billion in June, UAH 113.4 billion in May, UAH 89.7 billion in April and UAH 80.6 billion in March. At the same time, in February and January there were surpluses (excess income over expenses) – UAH 1.1 billion and UAH 12 billion, respectively.

The deficit plan for July is UAH 100.8 billion, the Ministry of Finance notes

This situation is associated with a sharp increase in foreign aid grants. This, unlike loans, is classified as income of the state budget, and does not finance its deficit.

In June, grants from the EU, US, other states and international organizations amounted to UAH 38.12 billion compared to UAH 15.9 billion in May. The ministry added that in July they reached UAH 80.4 billion.

Taking this into account, the income of the general fund of the state budget in July reached UAH 169.6 billion, while monetary expenditures reached UAH 174.5 billion, the Ministry of Finance summed up.

Recall that the Western media previously reported that Kyiv will ask creditors for a postponement of external debts, because Ukraine needs money in case of a protracted war with the Russian Federation.

Earlier it was reported that the Cabinet of Ministers of Ukraine approved a resolution on a two-year delay in the payment of external debts.

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Source: korrespondent

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