Prospects for implementation of the annual indicative figures

STS analyzed situation regarding implementation of the indicative figures of budget revenues set by the Ministry of Finance of Ukraine for 2021.

Taking into account actual revenues to the general fund of the state budget for 10 months of 2021 in the amount of 488.2 billion UAH, revenues of 87.2 billion UAH or 15.1% of annual indicative are required to achieve annual indicative figures set for the STS, namely 575.3 billion UAH.

This is an average of about 43 billion UAH per month, while the actual average monthly revenues for 10 months of 2021 are 46.1 billion UAH (excluding part of net profit and dividends).

Particularly, 7 billion UAH per month is needed to achieve the annual value added tax target on goods produced in Ukraine (balance), while the average monthly revenues are 12.8 billion UAH.

STS does not see any risks in achieving the annual indicative figures, even taking into account imposed quarantine restrictions due to the spread of respiratory disease COVID-19 in Ukraine.

It should be noted that the annual indicative figures of the state budget revenues for the STS in 2021 increased twice by a total of 40 billion UAH, including by 8 billion UAH in May, by 32 billion UAH in October.

Communicate with the State Tax Service remotely using the “InfoTAX” service