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Revenue target of general fund of Kyiv’s budget in H1, 2012 short by almost 10%

13:38

The general fund of the Kyiv’s budget in the first half of 2012 was expanded by UAH 4.5 billion, which is 89.6% of the target for the period and UAH 450.2 million more year-over-year, reads a press release of Kyiv City Administration, referring to Deputy Head of Kyiv City Administration Ruslan Kramarenko.

In addition, revenues to the special fund of the Kyiv’s budget in January-June 2012 came to UAH 702.1 million, or 89.8% of the target, while the development budget obtained UAH 532.9 million or 87.1% of the target.

Kramarenko said that the personal income tax’s share of total general fund revenues was 73.9%.

“We have almost 100% fulfillment of the target – of the UAH 3.36 billion target we obtained UAH 3.3 billion. The issue of returning the requirement to send 100% of personal income tax to Kyiv’s budget [is urgent], as revenues could have reached UAH 6.6 billion,” Kramarenko said.

He added that at present the parliament is considering draft laws on the return of the funds to the Kyiv’s budget.

According to the report, in the first half of 2012, revenues of the general fund from fees for land came to UAH 942.9 million. Kyiv City Administration said that this revenue is the second largest source of revenues to the general fund of the city budget.

“The main position that could be non-fulfilled is land fees. The reasons of the non-fulfillment are the unsettled issues of the registration of land plots where the constituent documents have not been registered, and the bringing of land leasing agreements in line with Ukraine’s Tax Code,” he added.

As reported, the national budget for 2012 foresees that Kyiv’s budget obtains 50% of the residents’ personal income tax. In the previous years 100% of the tax was sent to Kyiv’s budget.

06.07.2012