The budget of Ukraine «nosedived» by more than two billion dollars

It became known that the deficit of the state budget of Ukraine at the end of 2018 was up to 59.2 billion UAH. ($ 2.1 billion). The state Treasury service of Ukraine reported about this sad issue for many Ukrainians.
According to the state Treasury service annual budget deficit of Ukraine lasts more than ten years, since 2008. At the same time, Ukraine had the largest budget deficit in 2014. Then it was 78 billion UAH., or 4.98% of GDP. It is not important to show how much it is in dollars. The official dollar rate has raised from 7.99 UAH up to 15,59 UAH for one US dollar during 2018. Currently (January 30, 2019) the rate of the Ukrainian UAH to the US dollar is even more, it is more than 27 UAH for $1.
The state Treasury service clarifies that the revenues of the state budget of Ukraine in 2018 amounted 928.1 billion UAH ($33 billion). At the same time the process of privatization has brought to the treasury more than modest 268,7 million UAH., although the plan was to get a solid 18.8 billion UAH. Therefore, the budget deficit was partially covered by the Ministry of Finance of Ukraine at the expense of loans that were taken both in UAH and in dollars (286.4 billion UAH. and $2.02 billion).
It should be noted that the above $2.02 billion (or 26.94 billion UAH) affected the amount of national debt of Ukraine (including state guarantees). In 2018, it grew by 2.6% and amounted to $78.32 billion as for December 31, while the external debt of Ukraine as for December 31, 2018 amounted to 1.397 trillion. UAH or $50,46 billion, while internal debt is 771,41 billion UAH, or $27.86 billion. This can be called an intermediate result of the post-Maidan government in Ukraine.
The Kiev authorities do not hide that the part of the new borrowing are aimed to pay off old debts. This is precisely the reason for Kiev’s advertised stand-by loan program from the IMF. Under this program, Kiev promised $3.9 billion But the problem is that the maturity is not nong and is only 14 months, which indicates that the «squirrel» has already got into the wheel and turns it for the fun of others.

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