According to preliminary data of the State Treasury Service, in January 2021, the general fund of the state budget received UAH 57.6 billion, the budget monthly plan was executed by 106.5%.
The revenues from payments controlled by the State Tax Service amounted to UAH 33.3 billion, or 111.4% which is UAH 3.4 billion more than the budget monthly plan in January. At the same time, the VAT refund amounted to UAH 13 billion.
The overperformance was caused by the following payments:
- VAT (+2.9 billion), due to reviving consumer demand in December 2020, improved administration and ensured effective control over the completeness of settlements by the State Tax Service;
- fee for the use of mineral resources (+ UAH 0.4 billion).
The revenues of the general fund of the state budget from customs payments were UAH 22.01 billion that is 100.4% of the budget monthly plan in January. Of the total amount of revenues, almost UAH 20.5 billion was VAT revenues and UAH 1.5 billion was import duty revenues.
According to the State Treasury data in January 2021, the expenditures of the general fund of the state budget amounted to UAH 68 billion, or 84.2% of the budget monthly plan. At the same time, social expenditures, defense expenditures, debt and transfers to local budgets are fully funded in accordance with a budget plan and payment orders.
In January 2021, the state budget was executed with a deficit of UAH 4.9 billion, including the deficit of the general fund of UAH 10.3 billion, while the general fund's planned figure for the reporting period was UAH 26.7 billion.
Actual borrowings to the general fund of the state budget in January 2021 amounted to UAH 36.9 billion or 71.3% of the planned amount for this period.
The borrowings for the state budget financing from the domestic bonds placements amount to UAH 36.9 billion, including UAH 1.4 billion from government bonds in foreign currency (USD 48.2 million).
As of January 31, 2021, no funds were received from external sources.
The public debt principal payments in January 2021 amounted to UAH 23.6 billion, while interest payments were UAH 5.7 billion.