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Presidential administration hopes to resume increase in revenues for 2012 national budget

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Sept. 3, 2012, 3:20 p.m. | Ukraine — by Interfax-Ukraine

first deputy head of the presidential administration Iryna Akimova (L)
© ww.kmu.gov.ua

The fall in revenues to the national budget of Ukraine in July 2012 was related to changes in the dynamics of the development of certain industries and the efficiency of work of the customs and tax authorities, according to the first deputy head of the presidential administration, Iryna Akimova.

"We hope that the issue of filling the revenues side of the budget will correspond to the plans set by the government for this year. The budget will be able to properly resolve all of the issues, from investment processes to social payments," she said at a briefing in Kyiv.

According to her, all of the components of the revenues side of the budget are being carefully monitored by the government, and the issue was raised at its meeting on August 15.

Akimova said that when analyzing budget execution, the factor of seasonality and the irregularity of certain revenues has to be taken into account.

At the same time, she said the Finance Ministry must make every effort to make income come regularly.

"At the same time it should not cross the line, going in the direction of 'excess receipts,'" she said.

As reported, the revenues of the national budget over the first seven months of 2012 reached Hr 186.58 billion, including Hr 160.24 billion for the general fund, sums that are 10.5% and 12.1% up respectively, compared to last year.

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