Bloomberg News

Ukraine’s Two-Month Budget Surplus Widens on Higher Revenue

March 27, 2012

Ukraine’s budget surplus widened in the first two months of the year as revenue increased more than spending, the Finance Ministry said.

The surplus was 4.7 billion hryvnia ($585.4 million), compared with 4.13 billion hryvnia in January and February last year, the ministry, based in the capital, Kiev, said today in a statement on its website. Revenue increased 15.9 percent to 51.8 billion hryvnia, driven by corporate tax, while spending rose 15.7 percent to 46.848 billion hryvnia, it said.

To contact the reporters on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net;


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