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Daily Insight-State budget in July; banking sector liquidity

Name: 04/08/2011. ICU: Daily Insight-State budget in July; banking sector liquidity
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

04/08/2011 | ICU

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According to the data published by the State Treasury, revenues to the state budget rose 23.9%, to UAH168.7bn, in 7M11. In particular, tax proceeds went up 48.5% YoY, reaching UAH131bn. At the same time, the Treasury reported that the volume of VAT rebates grew to UAH25.4bn, including UAH6.24bn in the automatic regime, to 161 enterprises. In July alone, 138 enterprises received tax rebates totaling UAH1.74bn, indicating that the volume of VAT tax rebates in the automatic regime is constantly growing.

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