The general fund of Ukraine's national budget in August posted a surplus of Hr 1.06 billion, which is 49.7 percent down on the month before and 24.2 percent down on August 2013, the Finance Ministry reported on Sept. 30.
According to the ministry, in January-August 2014 the deficit of the general fund of the national budget came to Hr 26.95 billion, which is 29.8 percent up year-over-year.
The ministry said that in July-August VAT-bonds and government domestic loan bonds for subventions to local budgets to cover the difference in the tariffs worth Hr 6.7 billion and Hr 6.6 billion respectively, which was taken into account in the deficit of the special fund being Hr 3.47 billion in August and Hr 4.95 billion in July.
In general, the deficit of the national budget in August grew by Hr 2.42 billion, reaching Hr 35.2 billion in January-August 2014, which is 1.3 percent up on January-August 2014 and 44 percent of the annual target.
The ministry said that the revenues of the national budget in January-August 2014 totaled Hr 230.57 billion, which is 5.9 percent up year-over-year. Hr 204.89 billion was sent to the general fund of the national budget, which is 9.2 percent up year-over-year.
Taking into account earlier published data, in August 2014 the revenues of the general fund of the national budget grew by 29.9 percent compared to August 2013 and by 14 percent compared to the previous month, to Hr 27.72 billion.
The ministry said that the growth in revenues this year was due to additional payments by the National Bank of Ukraine (Hr 22.81 billion in January-August 2014, while they totaled Hr 14.75 billion in January-August 2013) and deposit use royalties (a rise by Hr 1.75 billion or 20.8 percent).
The additional Hr 3.86 billion came from excise duties on imports and the fee from the sale of foreign currency raised Hr 3.79 billion.
