The State Budget of Ukraine in the first four months of 2025 was replenished by over 850 billion hryvnias

In January-April 2025, revenues to the general fund of the State Budget of Ukraine amounted to 856.3 billion hryvnias. This was reported by the Ministry of Finance, citing operational data from the State Treasury Service. The basis of revenues is tax and customs duties, as well as significant international aid and the profit of the National Bank.

A significant share of revenues was formed by the value added tax (VAT) on imported goods - 159.5 billion hryvnias. At the same time, VAT on products produced domestically brought in 112.7 billion hryvnias. Taking into account the refund of 55.5 billion hryvnias, the total amount of collected "domestic" VAT was 168.2 billion hryvnias.

Significant items of revenue were also personal income tax and military levy — UAH 107.2 billion, corporate income tax — UAH 105.1 billion, and excise tax — UAH 84.2 billion. Customs duties (import and export duties) brought in UAH 16.5 billion, and rent payments for the use of subsoil — another UAH 11.4 billion.

In four months, the State Tax Service exceeded the revenue plan by 13.2%, which brought an additional UAH 46.4 billion to the budget. In contrast, the Customs Service failed to fulfill the plan by 2.9% — UAH 6.2 billion was underpaid. A positive factor was the transfer of profit in the amount of UAH 63.9 billion by the National Bank in April.

A separate and significant role in financing state expenditures was played by international non-repayable aid, which amounted to UAH 167.0 billion in the first four months of 2025. In total, receipts to the general and special funds of the budget for the reporting period reached UAH 1,262.4 billion, while cash expenditures amounted to UAH 1,550.4 billion. Of these, UAH 1,184.8 billion are general fund expenditures.

Another important source of budget replenishment was borrowing. During the reporting period, the state budget received UAH 604.0 billion of borrowed funds, which is 104% of the planned amount. Of this amount, UAH 154.0 billion was raised through the placement of government bonds, in particular UAH 35.3 billion in foreign currency (USD 642 million and EUR 188.8 million). Military bonds provided another UAH 77.3 billion.

The main volume of borrowings — UAH 450.0 billion — came from abroad. Within the framework of the ULCM mechanism, Ukraine received UAH 293.0 billion, or approximately USD 7.0 billion. In particular, UAH 221.0 billion (EUR 5.0 billion) is an EU loan within the framework of Exceptional Macro-Financial Assistance, another UAH 72.0 billion (equivalent to SDR 1.3 billion or CAD 2.5 billion) is a loan from Canada.

Such financial results demonstrate a difficult but controlled budgetary situation in Ukraine. The state continues to meet its financing needs, relying on both domestic sources and strategic support from international partners.