Problems in the economy were exaggerated, the budget in July turned out to be significantly overfulfilled

Against the background of data from the National Bank of Ukraine regarding the fall of the economy by a third, in July the indicative indicators of the state budget were fulfilled by 144.7%. The MP from the Servant of the People, the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danilo Getmantsev, announced the overfulfillment of the budget in his Telegram .

According to him, in July the state budget received 64 billion hryvnias, of which 19.8 billion hryvnias were additional.

Moreover, this is UAH 24.5 billion (61.9%) more than in the same period last year.

However, Getmantsev anticipated comments about miscalculations of the economic downturn.

“Where did the year-on-year overfulfillment of VAT COLLECTION (excluding reimbursement) come from, given the real decline in the economy (adjusted for inflation), and where did the plus 25.2% of revenues for seven months year-on-year from the general fund come from? There is only one reason, the same one that provokes howling from the swamps of some officialsdeprived of a sweet piece – cessation of schemes and shadowing. The one that the President spoke about set a task to be performed,” he said.

According to Getmantsev, in the first half of this year, the general fund of the state budget received UAH 413.9 billion, indicative indicators were fulfilled by 103.5% (+13.8 billion UAH).

In addition to last year’s fact in January-July 2021, UAH 83.4 billion was paid, which is 25.2% more.

VAT payments on manufactured goods (balance) – in January-July they were overfulfilled by 133.5% (+33.0 billion UAH). Actual tax revenues amounted to UAH 131.6 billion, which is 1.5 times (+UAH 45.7 billion) more than in January-July 2021 (UAH 85.9 billion).

Total in July indicative indicators for VAT were fulfilled by 225.1 percent (+19.2 billion UAH). Actual tax revenues amount to UAH 34.6 billion, which is 2.6 times (+UAH 21.1 billion) more than in July 2021 (UAH 13.5 billion).

excise tax (manufactured + imported) – fulfillment of indicative characteristics in full. Actual tax revenues amounted to UAH 7.9 billion.

Liqueur and vodka products – the implementation of the indicative by 169% (+326 million UAH), compared to last year + 24.7% (+158 million UAH).

Wine products – fulfillment of the indicative by 260% (+149 million hryvnia), compared to last year + 89% (+114 million).

“I thank the conscientious business, which, in cooperation with the tax service, provided the receipt,” said Getmantsev.

Recall that in May, Ukrainian business repeatedly demanded immediate removal of Getmantsev from office.

After that, Getmantsev additionally added fuel to the fire, comparing businessmen to geese that need to be plucked.

The NBU estimates the fall of the economy in the first half of the year at the level of 28%. This is stated in the inflation report of the National Bank for July.

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