Budget: what country spent and how it earned in Q1
Execution of the state budget significantly stabilized in the first quarter
The revenues of the consolidated budget of Ukraine in the first quarter of 2023 exceeded UAH 627 billion (including grants of almost UAH 134 billion). This is actually half as much as in the first three months of last year. However, this year's expenditures increased even more significantly - by 1.8 times, to almost UAH 810 billion. Cereport reports citing Ukrinform
Despite this, the overall situation with the execution of the state budget is stable. This is primarily due to a more rhythmic flow of international financial assistance, successful (at least in terms of the amount) borrowing on the domestic market, stabilization of export revenues, and revival of business activity in relatively safe regions of the country. However, the main risks to the public finance system remain the same as last year. In addition, the country may face additional challenges, experts say.
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