Consolidated budget received 976.8 billion UAH in January – October 2023

Press service of the State Tax Service of Ukraine, published 01 November 2023 at 16:37 Chapter: News

Taxpayers continue to support state dutifully paying taxes. Thanks to their active civic position, the state steadily receives funds to support the Armed Forces of Ukraine and social benefits.

Revenues (balance) to the consolidated budget for payments controlled by the State Tax Service amounted to 976.8 billion UAH in January – October 2023 according to operational data. State budget received 605.6 billion UAH, local budgets – 371.2 billion UAH.

Revenues (balance) to the general fund of the state budget amounted to 595.1 billion UAH in January – October 2023. Scheduled indicators of the Ministry of Finance of Ukraine for revenues of the general fund of the state budget were fulfilled by 102.5%, budget additionally received 14.8 billion UAH. Herewith, 111.6 billion UAH of the VAT was reimbursed to the payers’ accounts.    

In terms of taxes, scheduled indicators of the Ministry of Finance of Ukraine were exceeded from the corporate income tax by 28.2% (+23.9 billion UAH), excise tax on produced and imported goods (products) by 18.6% (+13.8 billion UAH), levy and personal income tax by 1.2% (+1.7 billion UAH).

In terms of main payments in January – October 2023, the increase compared to the corresponding period of previous year is from the excise tax on produced and imported goods (products) by 1.4 times (+23.3 billion UAH), levy and personal income tax by 19.6% (+23 billion UAH) and corporate income tax by 18.9 percent (+17.3 billion UAH).   

Local budgets received 371.2 billion UAH in January – October 2023, which is 59.5 billion UAH or 19.1% more than in January – October 2022.    

Revenues (balance) to the consolidated budget for payments controlled by the State Tax Service amounted to 93.3 billion UAH in October 2023. State budget received 52.3 billion UAH, local budgets – 41 billion UAH.

Revenues (balance) to the general fund of the state budget amounted to 51.4 billion UAH in October 2023. Scheduled indicators of the Ministry of Finance of Ukraine for revenues of the general fund of the state budget were fully fulfilled by 4.5%, budget additionally received 2.2 billion UAH. 9.9 billion UAH of the VAT was reimbursed to the payers’ accounts.   

Scheduled indicators of the Ministry of Finance of Ukraine on the income tax were fully met, namely by 1.9 times (+1.2 billion UAH), excise tax on produced and imported goods (products) – 110.3% (+0.8 billion UAH), value added tax – 102.3 percent (+0.5 billion UAH).

In terms of main payments in October 2023, the increase compared to October 2022 is from the value added tax – 1.6 times (+8.6 billion UAH), levy and personal income tax – 15.8% billion UAH (+2.0 billion UAH), excise tax on produced and imported goods (products) – 10.1% (+0.7 billion UAH),

Local budgets received 41 billion UAH in October 2023, which is by 4.8 billion UAH or 13.4% more than in October 2022.

We thank taxpayers for financial support of the state in difficult wartime!