Ukraine treasury residuals surge 4x in January

2018/2/5 22:26:34

Analyst: “The surge in January residuals was expected after most of the money at the treasury was traditionally spent at the year end.”


 

 

 

 

 

 

 

KYIV, Feb 5, 2018 - 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, Concorde Capital informed its clients based on a State Treasury report 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.

 

Concorde analyst Evgeniya Akhtyrko added: “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.

 

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For more information, link here: www.concorde.ua 

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