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You're reading: Presidential administration hopes to resume increase in revenues for 2012 national budget

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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