According to the Accounts Chamber, due to the full-scale military aggression of Russia, the shortfall in certain state budget revenues in January-June 2022 amounted to at least UAH 176 billion. This was stated by the head of the Accounts Chamber Valery Patskan.
“due to the war unleashed by Russia, the state budget in the first half of the year lost at least UAH 176 billion in revenue. Including due to the reduction of imports, GDP, income of enterprises and jobs - UAH 104 billion. In addition, due to changes in tax and customs legislation introduced during the first half of the year with the aim of resuming and stimulating economic activity during the war, the state budget did not receive 72 billion hryvnia,” said Valery Patskan..
Revenue losses partially offset by international financial assistance and VAT refund containment.
Government borrowings to cover the deficit and pay off the debt exceeded the plan for the first half of the year and amounted to about half of all receipts from the general fund.
" Ukraine received 217 billion from state external borrowings. UAH. These funds were provided by international financial organizations and partner countries,” emphasized Valery Patskan.
However, according to the results of the first half of the year, the revenue plan of the general fund of the state budget was not fulfilled by UAH 28 billion, or 4.7%.
Under these circumstances, the tax debt of business entities (excluding customs payments) increased by UAH 23 billion, or 28%.
The economy of Ukraine in January-June decreased by 28.5%. From damage and destruction of economic facilities of individual sectors of the economy, direct damage as of June 13 amounted to almost 48 billion dollars. USA, or 1.4 trillion. UAH. , which significantly reduced state budget revenues.
As for the expenditures of the general fund of the state budget, they were carried out for UAH 264 billion, or 21% less than the plan.
Almost two-thirds of the failure to fulfill the plan was the cost of wages, taking into account the financial support of military personnel, social payments and purchases, repair of weapons, military equipment, facilities and equipment.
Valery Patskan also noted that in March-April, in order to ensure the country's defense capability, the Government reduced spending and lending under the 401st budget program in the amount of UAH 165 billion, sending them to the state budget reserve fund.
In particular, the decisions taken by the Cabinet of Ministers concerned the Pension Fund, education, culture, construction, repair and reconstruction of infrastructure facilities.. Expenditure on defense capability, state security and health measures under the 91st budget program did not decrease.
The head of the Accounts Chamber also noted that defense and social security remain priority areas for the authorities.. So, in January-June 2022, a third of the state budget expenditures were directed to defense, and a fifth to social protection..