Budget deficit has increased by 13%

The state budget deficit in January-November 2013 amounted to UAH 46.502 billion, up 12.81% over the deficit of the same period last year which was UAH 41.222 billion.

This was reported at the site of the Ministry of Finance of Ukraine.

According to the Ministry of Finance, the deficit of the consolidated budget of Ukraine in January-November of this year amounted to UAH 40.836 billion, which is UAH 6.921 billion, or 20.41% higher than the deficit in the same period last year which was UAH 33.915 billion. The information on the general fund of the budget is not reported.

During this period, revenues to the state budget of Ukraine totaled UAH 308.807 billion, which is UAH 31.66 billion, or 1.04% more than that for the same period in 2012.

Total revenues of the consolidated budget of Ukraine for the reporting period amounted to UAH 402.224 billion, which is UAH 6.893 billion, or 1.74% more than that in January-November 2012. In comparison with January-November 2012, in January-October this year, actual revenues to the general fund of the state budget increased by UAH 7.179 billion, or by 2.77% – to UAH 266.429 billion.

Recall that the state budget deficit in Ukraine in January-October 2013 amounted to UAH 408.22 billion, which is 1.2 times as much as the deficit for the same period last year which was UAH 33.203 billion.

Source – UNIAN