Surplus of Ukraine's national budget in Jan 2016 reaches UAH 2.5 bln

The surplus of Ukraine's national budget in January 1, 2016 reached UAH 2.45 billion, including UAH 1.7 billion of surplus for the general fund of the budget, while in January 2015 the deficit was UAH 9.18 billion, including UAH 11.1 billion for the general fund.

The State Treasury Service reported that revenue of the national budget in January grew by 32.6% year-over-year, to UAH 29.64 billion, including a rise of 43.9% for the general fund, to UAH 27.86 billion.

Expenses of the national budget fell by 13.9%, to UAH 27.16 billion, including a decline of 14.1% for the general fund, to UAH 26.17 billion, which is linked to the absence of inter-budget transfers, being UAH 11.53 billion in January 2015.

The authority said that the National Bank of Ukraine did not sent funds to the national budget in January 2016 and January 2015.

As reported, the upper deficit limit of the 2016 national budget is set at UAH 83.69 billion, or 3.7% of GDP.