Investor Presentaiton
2021 state budget to resume gradual fiscal consolidation
FY 2020 (Act.)
FY 2021
(Plan)
Key indicators of 2021
State budget:
Total revenues:
UAH 1,098bn (+2%)
Total expenditures:
UAH 1,335bn (+4%)
Budget deficit²:
2021 vs 2020 state budget revenues split¹
■VAT
2021 vs 2020 state budget expenditures split¹
2021 state budget revenues: UAH 1,098bn
2021 state budget expenditures: UAH 1,335bn
13%
FY 2020 (Act.)
FY 2021
(Plan)
■Social welfare
5%2%
5%
Security and defense
1%
4%
24%
21%
7%
25%
■Interbudgetary transfers
■Personal income tax
UAH 246.8bn / 5.1%
of GDP in 2021 (per
government's forecast
13%
37%
UAH 1,076 bn
UAH 1,288 bn
20%
44%
■Corporate income tax
12%
10%
of UAH 4,809bn GDP
UAH 1,098 bn
UAH 1,335 bn
21%
in 2021)
Other tax revenues
9%
22%
21%
11%
10%
10%
12%
13%
■Non-tax revenues
13%
12%
Debt service
Health
Economic activity
Education
Public administration
Other
Notes
1
According to State Budget Law
2021 (as of July 2021) and Actual
Annual State Budget Execution
2020
2021 State Budget Law: general fund financing, UAHbn
12.7
3.4
2
Budget deficit defined as
98.9
revenues minus expenditures and
369.5
minus net lending
3
Translated at the 2021 budgeted
avg 29.1 UAH per 1 USD
4
As of September 15, 2021
5
Other includes financing for
the volume of deposits and
active operations, i.e. changes in
securities used to manage
liquidity, changes in the volume of
budget funds
September 2021
7.6
0.7
24.4
17.8
6.2
0.4
¦ US$bn³
220.9
20.0
709.2
517.3
249.0
raised4
180.0
12.0
Domestic debt
repayment
External debt
repayment
State budget
general fund
deficit
Other5
Gross general
fund financing
needs
Domestic debt
60.2 raised4
External debt
Privatization
proceeds
BA
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