The Minister of Finance concedes the revision of state budget, taking into account the indicators, reached by Ukraine in the first half of current year, UNIAN reports.
The Ministry of Finance of Ukraine concedes that in July the state budget 2016 will be revised, taking into account the indicators, reached by Ukraine in the first half of 2016, Minister of Finance of Ukraine Alexander Danyliuk said to 24 Channel.
“Yes, the budget for 2016 will be revised” the minister said.
According to UNIAN, on December 25, 2015, the Verkhovna Rada of Ukraine approved the state budget for 2016 with deficit of 3.7% GDP and revenues of UAH 595 billion, which is little lower than the initially included indicator of UAH 601 billion. The budget was recalculated several times – taking into account the recently introduced amendments to tax legislation.
As per data from the Ministry of Finance, the consolidated budget of Ukraine in the first quarter 2016 was executed with proficit of UAH 3.432 billion, which is 4 times less than the proficit for the same period of previous year at UAH 14.236 billion.
