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Ministry of Finance Reports on Revenues of State Budget 2016

Tax: 
Friday, 20 January 2017 16:48

According to recent reports, the state budget received UAH 616.2 bln, which is by UAH 7.1 bln higher than the indicator, approved by the Law of Ukraine on State Budget for 2016, First Deputy Minister of Finance Oksana Markarova said, Finance.ua reports.

According to her, in 2016, the state budget received UAH 518.3 bln for payments, assigned to the State Fiscal Service; in 2016, the state budget received UAH 518.3 bln, the approved indicator was performed above target by UAH 3.5 bln or by 0.7%.

As concerns the budget revenue generating taxes:

  • the budget received UAH 59.8 bln of the individual income tax; the approved breakdown was performed above target by UAH 3.7 bln, the performance makes up 106.6%;

  • the budget received UAH 54.3 bln of the corporate income tax , which is by UAH 5.8 bln more than it was approved by the breakdown, or by 11.9%;

  • the budget received UAH 181.5 bln of VAT from the goods, imported in the territory of Ukraine, the approved breakdown was performed above target by UAH 10.3 bln, or by 6%;

  • the budget received UAH 90.1 bln of the excise tax, the approved breakdown was performed above target by UAH 8.2 bln, the performance makes up 110.1%.

In addition, Markarova noted that in 2016, VAT, amounting to UAH 94.4 bln, which is by UAH 26 bln more than in 2015, were refunded to the accounts of VAT payers.

In 2016, UAH 2.3 bln (50% from excess receipts of customs duties, paid on the territory of relevant regions) were also transferred from the state budget for providing financial support to conducting road repair and renovation works, the budgets of Kyiv, Volyn, Lviv, Odessa and Chernivtsi regions.

As it is known, the Rada approved the state budget for 2016 with the revenues of UAH 595.081 bln and expenses of UAH 667.733 bln.

The maximum limit of state budget deficit was expected to be at UAH 83.694 bln.

The maximum limit of the state debt was expected to be at UAH 1.5 trln.

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