Deficit of Ukraine's national budget comes to UAH 4.5 b in August, says Finance Ministry

Deficit of Ukraine's national budget comes to UAH 4.5 b in August, says Finance Ministry:

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The deficit of Ukraine's national budget in August 2013 came to UAH 4.48 billion, compared to UAH 7.53 billion in July and UAH 4.25 billion in June, the Finance Ministry reported on Tuesday.

According to the report, the deficit of the general fund of the national budget in August grew by UAH 0.18 billion from July to UAH 6.96 billion.

Since the beginning of the year, Ukraine's budget deficit totaled UAH 34.75 billion, which is 2.1 times higher than that of the first eight months of 2012.

The law on the state budget for 2013 sets its revenues at UAH 370.05 billion, in particular those in the general fund - UAH 322.08 billion, and expenses - UAH 419.33 billion and UAH 370.48 billion respectively. The deficit is estimated at up to UAH 50.59 billion, in particular that of the general fund - UAH 44.53 billion."

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