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Surplus of state budget's general fund reaches UAH 37 bln in Aug – Finance Ministry
KYIV. Sept 2 (Interfax-Ukraine) – The surplus of the general fund of the state budget of Ukraine in August amounted to UAH 36.9 billion, while the state budget in January-August 2021 had a deficit of UAH 6 billion, including the deficit on the general fund of UAH 13.3 billion, Ukraine’s Ministry of Finance has reported.
"In January-August 2021, the state budget had a deficit in the amount of UAH 6 billion, including the general fund had a deficit of UAH 13.3 billion, with the general fund target for the reporting period in the amount of UAH 110.3 billion," the ministry said on its website on Thursday, citing operational data from the State Treasury Service.
According to the Ministry of Finance, the state budget expenditures of the general fund in the first eight months ending August 2021 amounted to UAH 717.1 billion, or 91.6% of the target for this period. The receipts of the general fund in January-August 2021 amounted to UAH 700 billion, which is 4.1% more than the plan for the reporting period.
The Ministry of Finance said that the actual state borrowings into the general fund of the state budget in January-August 2021 amounted to UAH 302.1 billion, or 72.4% of the plan for this period.
"UAH 240.1 billion was raised from the placement of government bonds to finance the state budget, including UAH 63.5 billion of bonds in foreign currency ($1.8 billion and EUR 418.1 million)," the ministry said.
In addition, the Ministry of Finance issued government domestic loan bonds for UAH 1.8 billion with further acquisition of them into state property in exchange for the bonds of the Export Credit Agency.
The ministry said that UAH 60.2 billion was attracted from external sources, in particular, UAH 48.2 billion ($1.75 billion) through the placement of eight-year government bonds at 6.876% per annum and their additional placement with a yield of 6.3%; UAH 9.6 billion ($350 million) via the receipt of an IBRD loan for the First Economic Recovery Development Policy Loan; UAH 1.5 billion ($55.0 million) via an IBRD loan within the framework of the Second Additional Financing for COVID-19 Response under the Social Safety Nets Modernization Project.
At the same time, repayment of public debt in the first eight months amounted to UAH 283 billion (99.5% of the plan), service payments reached UAH 87.1 billion (91.2% of the plan), the Ministry of Finance said.
