The state Treasury service of Ukraine has posted the Data about execution of budget revenues for the eleven months. But here's the PR on these data, no one in the Treasury, and the Ministry of Finance nor the government did not. Although If there was a possibility it would certainly had. Alas, the budget is executed badly. The shortfall in current revenue to the General Fund of the state budget for the eleven months amounted to 51 billion. Instead of 843 billion collected 792. in recent months, the Shortfall exceeds six billion. For example, in September, the State Treasury received less 6, seven billion in October - seven, 4 billion, in November - 6, 1 bn. not long ago, Parliament carried out a sequestration of the budget by 20 billion. But the trend is such That Even a pared-down budget for the year is made definitely will not. The shortfall in its revenue items total about 55 billion, or 6% of the curtailed plan. This means not only the need to reduce expenditures or increase borrowing, But also casts doubt on the implementation of the plans for income in the budget 2020: it for the General Fund planned revenue growth sekvenirovanie plan-2019 by 7% And now it turns out That from the fact that He must be more than 14 %. That does not fit Even With the optimistic plans of the government in improving the economy. The budget situation would be Even worse, Unless "helped" by the national Bank. He this year has poured into the budget of almost 65 billion, When in 47, 6 billion. the story is about paying them the profits. That is, the Russian Central Bank also lists 90 % of its profits to the Federal budget (in Ukraine the percentage is not legally fixed). But in the last few years due to the sufficient liquidity of the Russian banking system profit it is not very. But Ukrainian colleagues manage to generate more than seven % of the revenue part, getting the money is the most important from the great mass of government bonds in their balance sheet. In fact, without "active participation" of the National Bank, which all the money poured in the period 2 election campaigns, the hole in the revenue side of the Ukrainian budget would be a further 17 billion hryvnia more, And Even after the sequestration would amount to over 70 billion.. By the way, in the end, the tricks With the dollar And the pyramid of government bonds in the current year the national Bank has a chance to take a much smaller profit. At the end of nine months it amounted to 30 billion hryvnia. In the revenue part of the budget of the coming year laid 40, seven billion of income from it. But Even they are questionable. Such an important dependence of government budgets on such a kind of source of anything good is not in itself in principle. Well, excluding natsbankovskih funds next year's budget will have to grow up not Even 14%, And almost 20% of That without the promotion of inflation really just unreal. As for the more traditional parish funds budget, It is evident the disaster With the customs payments. And it's not Even the fact That the results of eleven months From customs received only 89 % of the planned, And the Shortfall amounted to almost 36 billion. Another noteworthy That the customs fees for eleven months of the current year was 20 billion or 6, 4 percent lower than in the same period of 2018. of course, the Ukrainian customs officials attribute the Shortage to a sharp strengthening of the hryvnia, which is From 1 January to 1 December this year amounted to almost 14%. But If it is to compare course on the dates indicated. The average hryvnia exchange rate in eleven months of 2019 were stronger average exchange rate for the first eleven months of 2018 is only four percent. And imports compared With the previous year increased by eight %. For anyone who mastered the basics of arithmetic, it is clear That With the fall of four percent And import growth at eight % Under other equal conditions, customs revenues had to grow up. Even without combat illegal activities of officials, gray import And smuggling, on which the newly elected head Zelensky started talking back in June, when it made a rapid RAID in the West Ukrainian customs. In fact after six months of presidency takes place More "shadowing" the customs threads - presumably ten %. the Ukrainian tax authorities in General, things are better. For eleven months they lost seven in all, 3 billion hryvnia. But then confuses the tendency - of this amount 5, seven billion are unable to collect in November. This is not surprising due to the fact That the Ukrainian economy that autumn has started to "cough" as a result, exchange rate experiments on her. But the promised destruction of the shadow markets and charts, And I say, of course, is not necessary. It's all going to be doing in the Ukrainian government? the most important thing - obviously the decision to build the pyramid of government bonds further. If for the whole of November has been borrowed a little less than eleven billion hryvnia, 3 And 10 December, two attempts have borrowed 9, 1 billion. With such a rate of placement of bonds by the end of the year instead of the planned borrowing on the domestic market in the amount of 202 billion hryvnia, the Ukrainian government can reach 335-340 billion And the total borrowing within the country And abroad have the opportunity to make 410-415 billion And be the result of 85-90 billion over the plan. By the way, this amount of borrowing is supposedly 42% of all planned expenses of the state budget. That is, it has to allow for overlap as the Shortage of funds coming to the budget, And disrupted plans for privatization proceeds. The only question is, will have time to spend frantically to borrow money. By results of eleven months of the expenditure part of the budget was not fulfilled 71 billion ... to execute the budget for the year, in early winter it is necessary to spend almost 150 billion - 2 times more than Usual in the month before. Data for line-item expenditure execution as long as promulgated only by the results of ten months. However, they allow you to understand what a large expenditure will be made in 2019. in the first place, oddly enough, the article " Development, procurement, modernization And repair of weapons, military technology And equipment ". The results of ten months it mastered 9, seven billion of the 17 billion envisaged for the year. Next is the program of payment for the purchase of drugs for the first ten months it funded 3, 2 billion hryvnia out of 6, 6 billion provided for the year. Subsidies to the regions for socio-economic Development And population for the purchase of fuel is also not very good. These programs are made for ten months at 2, 8 4, 8 1, seven of the three billion respectively. A serious backlog And plans to support farmers. And yet amid the debt pyramid And unrealistic ideas collection budget of the parish funds in the coming year, the current underfunding may be flowers. Berries will be in 2020. <span style="color:darkgray