Ukrainian Budget Surplus: Exceeding Defense Spending - State Audit Office
Date: 2023-11-22 Author: Dima Zakharov Categories: ECONOMY
In the period from January to September 2023, internal sources contributed 1.3 trillion UAH to the overall state budget, exceeding allocations for national security and defense. This accomplishment aligns with international expectations, fulfilling expenditure requirements on national security through internal resources without resorting to external loans or grants, as highlighted by Acting Chairman of the State Audit Office, Andriy Maysner.
The total resources of the state budget amounted to 3.3 trillion UAH, with the general fund comprising 2.5 trillion UAH. Notably, international partners contributed 831 billion UAH in loans and 363 billion UAH in grants to the general fund of the state budget, facilitating the fulfillment of priority expenses, particularly in the areas of workforce compensation, social protection, and healthcare, excluding military expenditures.
Maysner also noted an overachievement of the 2023 budget revenue plan, attributed to unexpected grants for budgetary support. Furthermore, there have been significant shifts in the revenue structure compared to the previous year. The share of budgetary institutions' own revenues increased by 2.9 times to 31%, while revenues administered by the tax authorities decreased by 15 percentage points.
As a result, own revenues of budgetary institutions, grants from international partners, and funds paid by the National Bank of Ukraine constituted 55% of all revenues. Tax revenues and other incomes administered by the tax authorities and the State Customs Service comprised less than half (45%), emphasizing a notable change in revenue dynamics.
Notably, 95% of the own revenues of budgetary institutions came from contributions by enterprises, organizations, individuals, and other budgetary institutions for targeted activities, charitable contributions, grants, and gifts. The Ministry of Defense received the highest share of such funds at 93%, followed by the Ministry of Internal Affairs at 3.6%.
The total resources of the state budget amounted to 3.3 trillion UAH, with the general fund comprising 2.5 trillion UAH. Notably, international partners contributed 831 billion UAH in loans and 363 billion UAH in grants to the general fund of the state budget, facilitating the fulfillment of priority expenses, particularly in the areas of workforce compensation, social protection, and healthcare, excluding military expenditures.
Maysner also noted an overachievement of the 2023 budget revenue plan, attributed to unexpected grants for budgetary support. Furthermore, there have been significant shifts in the revenue structure compared to the previous year. The share of budgetary institutions' own revenues increased by 2.9 times to 31%, while revenues administered by the tax authorities decreased by 15 percentage points.
As a result, own revenues of budgetary institutions, grants from international partners, and funds paid by the National Bank of Ukraine constituted 55% of all revenues. Tax revenues and other incomes administered by the tax authorities and the State Customs Service comprised less than half (45%), emphasizing a notable change in revenue dynamics.
Notably, 95% of the own revenues of budgetary institutions came from contributions by enterprises, organizations, individuals, and other budgetary institutions for targeted activities, charitable contributions, grants, and gifts. The Ministry of Defense received the highest share of such funds at 93%, followed by the Ministry of Internal Affairs at 3.6%.
