Ukraine treasury residuals surge 4x in January

Ukraine’s treasury residuals surged fourfold m/m to UAH
20.1 bln as of Feb. 1, replenishing the account that was reduced to UAH 5.1 at
the end of 2017, the State Treasury reported on Feb. 1. At the same time, the
net result was less than a year ago when residuals rose 44% to UAH 34.9 bln.

Evgeniya Akhtyrko: The surge in January residuals was expected after most of the money at
the treasury was traditionally spent at the year end. At the same time, the
lower total amount at the month’s end is partially the result of less general
budget revenue, which fell UAH 1.3 bln yoy, according to provisional figures.
It is very likely that more generous budget spending also contributed to lower
leftovers at the end of January compared to a year ago.