Ukraine's national budget has deficit of UAH 4.3 bln in May 2016

The authority said that the deficit of the general fund narrowed from UAH 10.68 billion in April and UAH 7.59 billion in March to UAH 3.85 billion in May. In January through May the deficit of national budget totaled UAH 26.45 billion: the deficit of the general fund was UAH 25.76 billion, while a year ago the surplus of UAH 19.39 billion (UAH 23.27 billion for the general fund) was recorded. Thanks to surplus of local budgets, being UAH 22.67 billion in January through May 2015, including UAH 25.61 billion for the general fund, the consolidated budget posted a deficit of only UAH 3.78 billion in the first five months of 2016, including UAH 150 million for the general fund. In May, surplus of local budgets increased to UAH 5.55 billion from UAH 2.68 billion in April, including to UAH 7.02 billion from UAH 4.07 billion for the general fund. The state treasury said that the deficit in January through May 2016 was financed using internal sources by 73.9%, including by 81.8% from the sources of the general fund. Some UAH 75.12 billion was received from the issue of domestic loan bonds, while UAH 34.89 billion was repaid on the bonds. The privatization brought only UAH 34.2 million. The budget bought securities worth UAH 14.27 billion to additionally capitalize state-run banks, Naftogaz Ukrainy and state-run companies, and support the Deposit Guarantee Fund.