The draft Law of Ukraine “On the State Budget of Ukraine for 2021” developed by the Ministry of Finance is based on the Program of Activities of the Cabinet of Ministers and strategic goals set by the President of Ukraine.
The priorities of the 2021 State Budget are:
State budget balance:
The revenues are set at UAH 1,071.1 billion. The expenditures and lending amount to UAH 1,350.1 billion. The deficit is set at UAH 270.4 billion, which is 6% of GDP and 1.5 percentage points less than in the current year (in 2020 the budget deficit is set at 7.5% of GDP). In the medium term, it is planned to gradually reduce the budget deficit (in 2022 - 4.5% of GDP; in 2023 - 3% of GDP).
"It is important for us that during consideration of law in the Parliament the balance of budget indicators and its realism is preserved so that it is possible to implement and finance all expenditures in full, such as social benefits, pandemic measures, financial support of education, medicine, culture, defense and security measures country and realize development opportunities. Yes, this is a budget of opportunities for the development of the country's economy," said Finance Minister Sergii Marchenko.
Details at Ministry of Finance of Ukraine website.