In four months the state budget revenues grew by 18.3%

За четыре месяца доход госбюджета вырос на 18,3%

In January-April 2019 revenues to the state budget grew by 18.3%. This is stated in the regular macropore of the Ministry of Finance of Ukraine, reports.

“Revenues for the first four months of 2019 has grown by 18.3% R/R (current account – ed.) through high revenues from personal income tax (income tax – ed.) (due to the growth of average wages), large revenues from NPP (tax on profits of enterprises – ed.) and the rental fee for use of mineral resources. In addition, the NBU transferred to бюджет47,6 billion UAH in accordance with the Law of Ukraine “On the National Bank of Ukraine”, – stated in the message.

It is noted that in January-April 2019 the state budget revenues amounted to 95.7% of painting primarily through stronger than initially expected, the hryvnia, lower gas imports, reducing tobacco production, the adoption of the standard distribution of net profit of companies and dividends only on 26 April, the release from January 2019 from VAT of the import of solar panels.

“Consumption is growing against the background of rising wages (due to higher minimum salary, better financial conditions of the companies on the background of labour migration), and investment is increasing due to the need to modernize production and technology, and build infrastructure facilities”, – stated in the message.

At the same time, investment demand contribute to the expansion of imports, while the demand for Ukrainian exports remains weak. Therefore, real net exports had a negative contribution to economic growth. A prudent fiscal policy and tight monetary policy contributed to slowing inflation and exchange rate stability, the Ministry noted.

As reported by the national Bank transferred to the state budget 47.6 billion UAH.

Also recall that the Cabinet approved the Forecast of economic and social development of Ukraine for the years 2020-2022.