Офіційний курс національної валюти влітку може послабитися до рівня 40,00-40,50 грн/$1, поділився очікуваннями начальник
Ukraine budget revenue increases 4.5% yoy in July
Ukraine’s state budget collections increased 4.5% in July compared to a 6.7% yoy decline in the prior month, the state Treasury reported on August 1. For 7M14, budget revenue reached UAH 204.5 bln, which is 7.7% more than a year ago but nevertheless a UAH 16.4 bln shortfall. VAT reimbursement for exporters was reported at UAH 4.7 bln in July, which is 21.7% less than a year ago (UAH 25.1 bln for 7M14, which is -25.1% yoy).
Alexander Paraschiy: Rising budget revenue in July is a good sign, indicating the situation with public finances remains manageable though definitely worse than initially expected. Poor VAT reimbursement (1/4 less than a year ago) indicates the Cabinet is strapped for cash. At the same time, the growth in state collections, against the backdrop of a war, is an encouraging sign. The recent budget amendments that increased the royalty on hydrocarbon and iron ore extraction and imposed a wartime income tax only adds optimism to fiscal prospects.
Typically it’s difficult to project a budget’s performance in the face of huge uncertainty related to the military operation. However, after the Cabinet identified compensators for the expected state collections shortfall, there’s a strong chance to meet the committed state deficit target (4.5% of GDP for the central budget and 5.1% of GDP for the general budget) without postponing payment on obligations or building up more debt.
Источник: Конкорд Капитал
- NBU reduces expectation for IMF loans this year Конкорд Капитал 26 січня 2018 года
- Ukraine central bank hikes policy rate 1.5pp, worsens CPI outlook Конкорд Капитал 26 січня 2018 года
- IMF, IFIs ready to further cooperate with Ukraine, Lagarde says Конкорд Капитал 25 січня 2018 года
- Ukraine central bank transfers USD 1 bln under World Bank management Конкорд Капитал 23 січня 2018 года
- NBU to take further steps towards currency market liberalization Конкорд Капитал 22 січня 2018 года