The deficit of Ukraine's state budget amounted to UAH 32.5 billion (US$1,188,435,950) in January-May 2021, including a general fund deficit of UAH 31.3 billion (US$1,144,555,238), the Ukrainian Finance Ministry has reported.
The ministry added that according to the target for January-May, the general fund deficit was planned at UAH 86.5 billion (US$3,163,067,990), URINFORM reports.
Actual government borrowings to the general fund of the state budget in the first five months of 2021 amounted to UAH 192.5 billion (US$7,039,197,550), or 73.4% of those planned for this period.
UAH 156 billion (US$5,704,492,560) was raised from the placement of domestic government bonds to finance the state budget, including UAH 40 billion raised in foreign currency (US$1 billion and EUR 349.2 million).
In January-April 2021, the state budget had a deficit of UAH 27.2 billion (US$994,629,472), including a general fund deficit of UAH 29.4 billion (US$1,075,077,444).
The law on the state budget of Ukraine for 2021 set revenues at UAH 1.092 trillion (US$39,931,447,920) and expenditures at UAH 1.328 trillion (US$48,561,321,280). The maximum amount of the state budget deficit has been approved at UAH 247 billion (US$9,032,113,220).
