Ukrainian govt has record ending stocks on treasury account early Oct

The service said that in September, assets in the treasury account grew by UAH 1.28 billion or 2.8%, and in July-September they soared by UAH 21.68 billion or 85.2%. Before June 2015, the record was set in December 2005 after the privatization of Kryvorizhstal when the government managed to accumulate UAH 27.35 billion. In the U.S. dollars under the official exchange rate of the National Bank of Ukraine (NBU) it was $5.42 billion, while now it is 60% less - $2.21 billion. The government also handles forex accounts, with UAH 35 billion as of August 26, 2015, according to Ukrainian Prime Minister Arseniy Yatseniuk. Ending stocks in the treasury account grew thanks to new tranches of international financial aid, larger revenues of the national budget than it was planned and growing VAT payments, which authorities explain by the introduction of the electronic VAT administration system. The government said that it is to accumulate UAH 25 billion for the fourth quarter of 2015 to pay subsidies due to the increase of energy tariffs and provide UAH 10 billion to increase social payments by some 13% from September 1 instead of December 1 as was foreseen in Ukrainian law. According to the NBU, ending stocks in the correspondent and transit accounts of banks in September grew by UAH 70 million or 0.2%, to UAH 30.89 billion.