State budget for 2015 adopted with deficit of UAH63.67 milliard

02.01.2015 11:19 "Agro Perspectiva" (Kyiv) — The deficit of the Ukrainian State budget for 2015 has been approved in the amount of UAH63.67 milliard (not including the deficit of Naftogaz Ukrainy), which is 7.1% lower than planned for this year and is 3.7% of the government-projected GDP, NRCU reports referring to the the text of the law on the State budget for 2015 (which had been published in the Parliament’s Holos Ukrainy newspaper on December 31/14), State budget revenues this year are to be increased by 26% compared with 2014, to UAH475.94 milliard, whereas budget expenditures are to be raised by 19.5%, to UAH 527.89 milliard. In particular, the document foresees the transfer by the National Bank of Ukraine of UAH65.4 milliard to the State budget by May 11/15, whereas within 2014 the central bank transferred only UAH22.8 milliard. The maximum amount of public debt for 2015 was set at UAH1.176 trillion (68.3% of GDP), or 45.7% higher than planned in 2014. These figures are only slightly different from those in the government draft that was tabled in parliament on December 23/14. At the same time, the amount of State guarantees in the State budget was increased to UAH25 milliard from UAH18 milliard in the draft.

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