You're reading: Revenues to Ukraine’s national budget general fund up 28 percent in 2011

In 2011, the general fund of Ukraine's national budget received Hr 265.82 billon or $33 billion, which is Hr 58.35 billion, or 28.1 percent, up year-on-year, the State Treasury reported on Thursday.

The national budget’s special fund last year received Hr 48.8 billion, the statement reads.

The revenues target of the national budget for 2011, taking into account its amendments, was Hr 257.33 billion to the general fund and Hr 46.55 billion to the special fund. Thus, these targets were over-fulfilled by 3.3% and 4.8%, respectively.

The national budget revenues from profit taxes in 2011 grew by 52.2% year-on-year to Hr 54.74 billion, those from VAT on domestic commodities increased by 42% to Hr 76.18 billion, those from VAT on imported commodities grew by 27% to UAH 93.17 billion, the State Treasury said.

According to the statement, in 2011 the sum of value added tax (VAT) refunds was Hr 42.78 billion, including an automatic VAT reimbursement to 326 taxpayers of Hr 15.8 billion. In particular, in December 2011, 220 taxpayers received Hr 1.97 billion in VAT refunds.