UAH 9.3 billion of own revenues over year: financial analysis of AH activity results

Over the past year, the own revenues of local budgets of 366 amalgamated hromadas (AHs), that in 2017 switched to direct interbudgetary relations with the state budget, grew by 87% and amounted to UAH 9.3 billion (+UAH 4.3 billion), informed Yanina Kazyuk, financial decentralisation coordinator of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme), commenting on the financial results of the local budgets of 366 amalgamated hromadas over January-December 2017.

According to the expert, the average indicator of own revenues per one AH resident increased by UAH 1390.9 and amounted to UAH 2989.2.

In total, that is, taking into account interbudgetary transfers from the state budget, the revenues of local budgets of 366 AHs amounted to UAH 28.8 billion.

Regarding the implementation of local budgets of 207 AHs, where the first local elections were held in 2016, and which received 60% of revenues from personal income tax to their local budgets only in 2017, their own resources increased by 2,9 times over the year and amounted to UAH 4.9 billion (+UAH 3.2 billion).

It is important to draw attention to the fact that the growth rate of own revenues of 159 AHs, which in 2016 received 60% of revenues from personal income tax to their budgets, made up +34.2% (+UAH 1.1 billion) over the year, exceeding the average index in Ukraine (which is – 31.0%).

In 2017, all 366 AHs received the infrastructure subvention in the amount of UAH 1.5 billion from the state budget. Hromadas directed these funds to the implementation of over 2 thousand infrastructure projects.

In addition, to implement development projects, AHs received part of the funds from the State Fund for Regional Development in the amount of UAH 392 million, and part of the subvention funds for the socio-economic development of some territories in the amount of UAH 412 million.

It is worth reminding that 665 amalgamated hromadas have switched to direct interbudgetary relations with the state budget in 2018.

Reference:

Receipt of own resources of all 366 AHs over January-December 2017 in comparison with the similar period of 2016:

in total – UAH 9.3 billion (increase by 87.0% or UAH 4.3 billion), in particular:

personal income tax was received in the amount of UAH 5.2 billion (increased threefold or by UAH 3.5 billion);

land payment – UAH 1.4 billion (increase by 20.0% or by UAH 233.9 million);

single tax – UAH 1.4 billion (increase by 34.6% or by UAH 360.6 million);

excise tax – UAH 794.2 million (increase by 12.0% or UAH 85.1 million);

real estate tax – UAH 132.5 million (increase by 72.5% or UAH 55.7 million).

 

Receipt of own resources of local budgets of 159 AHs over January-December 2017 in comparison with the similar period of 2016:

in total – UAH 4.4 billion (increase by 34.2% or by UAH 1115.1 million), in particular:

personal income tax was received in the amount of UAH 2.5 billion (increase by 41.2%);

land payment – UAH 651.7 million (increase by 16.6%);

excise tax – UAH 417.2 million (increase by 13.4%);

single tax – UAH 605.5 million (increase of 34.8%).

real estate tax – 60.3 million UAH (increase by 69.6%).

 

Receipt of own resources of local budgets of 207 AHs over January-December 2017 in comparison with the similar period of 2016:

in total – UAH 4.9 billion (increase by almost 2.9 times or by UAH 3.2 billion), in particular:

personal income tax was received in the amount of UAH 2.7 billion;

land payment – UAH 750.2 million (increase by 23.2%);

excise tax – UAH 377.0 million (increase by 10.4%);

single tax – UAH 797.1 million (increase by 34.5%).

real estate tax UAH 72.1 million (increase by 75.1%).

 

Note. The information is based on the official data of the Ministry of Finance of Ukraine, following the performance of local budget indicators of AHs, prior to their accession to voluntarily amalgamated hromadas, and after voluntary amalgamation of hromadas and their acquisition of the right to direct interbudgetary relations with the state budget.

Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and SKL International)

 

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budget budget analytics Yanina Kazyuk

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