Table 5 Ukraine: Composition of Consolidated Government Budget, 1992-1997

Billions of Nominal KBV Percent of GDP
Budget Item 1992 1993 1994 1995 1996 Budget1997 1992 1993 1994 1995 1996 Budget 1997
Total Revenues 1695 56826 531381 2044268 3014200 37027051 32.8 40 49.2 40.2 37.4 34.9
VAT 987 16971 129994 451733 629968 9237987 19.1 12 12 8.9 7.8 8.7
Enterprise Profits Tax 279 14322 142572 483395 545570 450000 5.4 10.1 13.2 9.5 6.8 0.4
Personal Income Tax 150 2883 34027 160071 265250 4150540 2.9 2 3.1 3.1 3.3 3.9
Excise Taxes 60 2514 16896 40101 66312 1069643 1.1 1.8 1.6 0.8 0.8 1
Tax on Land 18 776 4119 63460 81383 931280 0.3 0.5 0.4 1.2 1 0.9
Oil & Gas Rents n.a. n.a. n.a. 71852 186880 1498135 n.a. n.a. n.a. 1.4 2.3 1.4
State Customs 3 107 1840 8534 18085 201711 0.001 0.001 0.2 0.2 0.2 0.2
Import Duties 8 2024 25711 42938 39185 601120 0.001 1.4 2.4 0.8 0.5 0.6
Local & Regional Taxes n.a. n.a. 917 12502 27128 286980 n.a. n.a. 0.001 0.2 0.3 0.3
Chernobyl Fund Revenues 124 2500 24067 102602 147696 1429900 2.4 1.8 2.2 2 1.8 1.3
Pension Fund Revenues n.a. n.a. 92229 415988 699294 8368200 n.a. n.a. 8.5 8.2 8.7 7.9
Other Revenues 566 14729 59009 191092 310463 7801555 10.9 10.9 5.5 3.9 3.9 7.3
Total Expenditures 2325 66100 645348 2448594 3375900 42864681 45 46.5 59.7 48.2 41.9 40.4
Social Security 359 18651 70350 336792 388229 2360620 5.9 13.1 6.5 6.6 4.8 2.2
Social-Cultural Sphere 467 13870 133293 611007 739322 8567500 9 9.8 12.3 12 9.2 8.1
State Capital Improvements n.a. n.a. n.a. 76796 101277 383194 n.a. n.a n.a. 1.5 1.3 0.4
National Economy 714 13921 190675 260822 283576 3325193 13.8 9.8 17.7 5.1 3.5 3.1
Defense 111 2766 23549 101657 101277 1432617 2.1 1.9 2.2 2 1.3 1.3
Police, Customs & Tax Inspectorate 65 3013 19424 89484 131660 1613450 1.3 2.1 1.8 1.8 1.6 1.5
Legislative/Executive n.a. n.a. 9050 43657 74270 n.a. n.a. n.a 0.8 0.9 0.9 n.a.
Foreign Economic Activity n.a. n.a. 17067 12979 33759 494359 n.a. n.a 1.6 0.3 0.4 0.5
Chernobyl Fund Outlays 115 1939 22675 94907 145164 1383336 2.2 1.4 2.1 1.9 1.8 1.3
Domestic Debt Service 6 30 5864 17083 54014 850364 0.001 0.001 0.5 0.3 0.7 0.8
Pension Fund Outlays n.a. n.a. 89730 408571 671804 10321520 n.a. n.a 8.3 8 8.3 9.7
Foreign Debt Service 0 0 13149 226421 199178 2645750 0 0 1.2 4.5 2.5 2.5
Other Expenditures 488 11910 50527 168418 455747 9486778 9.4 8.4 4.7 3.3 5.7 8.9
Budgetary Balance -630 -9275 -113967 -404326 -361700 -5837630 -12.2 -6.5 -10.5 -8 -4.5 -5.5
Directed Credits (1996 Est.) 660 11359 45375 162561 86404 0 12.8 8 4.2 3.2 1.1 0
Balance of Extrabudgetary Funds (Est.) 184 765 14321 20332 32204 424555 3.5 0.5 0.4 0.4 0.4 0.4
Pension Fund (1992 & 1993 Only)
147 171 n.a. n.a. n.a. n.a. 2.8 0.1 n.a. n.a. n.a. n.a.
Employment Fund (1994-96 Est.)
17 381 3241 15249 24153 318416 0.3 0.3 0.3 0.3 0.3 0.3
Social Insurance Fund (1994-96 Est.)
20 213 1080 5083 8051 106139 0.4 0.1 0.1 0.1 0.1 0.1
General Government Balance Financing (Estimated): -1106 -19869 -145021 -546555 -415900 -5413075 -21.4 -14 -13.4 -10.8 -5.2 -5.5
NBU and Bank Credits
330 11747 132105 273878 134500 1700000 6.4 8.2 12.2 6 1.7 1.6
Government Bond Sales (Net)
n.a. n.a. n.a. 20400 157100 1737630 n.a. n.a. n.a. 0.4 2 1.6
Other Internal Debt
2 12 2346 0 0 0 0.001 0.001 0.2 0 0 0
Foreign Financing
0 0 10420 79336 124300 2400000 0 0 1 1.6 1.5 2.3
Errors and Omissions
774 8210 150 172941 0 -424555 15 5.8 0.0001 3.4 0 0
Memorandum: Nominal GDP 5168 141916 1080307 5083061 8051000 106138727 100 100 100 100 100 100

Notes: (1) 1997 Budget is Proposed Budget of January 1997.
(2) Pension Fund transferred to Consolidated Budget as of January 1, 1994.

Sources: Ministry of Finance of Ukraine; IMF (1993, 1995); Marcin Luczynski and Oleg Novoselsky, "Ukraine in Numbers," Ukrainian Legal and Economic Bulletin (various issues); European Centre for Macroeconomic Analysis of Ukraine, Ukrainian Economic Trends (various issues); source documents; author's calculations.