PIT increased by 18%: the state budget received a record 561.8 billion UAH in 11 months

Growth of personal income tax revenues

According to ХВИЛЯ: The State Tax Service of Ukraine reported an increase in personal income tax (PIT) revenues for January – November 2023 to 561.8 billion UAH, which is 18.1% more than for the same period last year. This growth amounts to 86.1 billion UAH compared to last year's figures.

Leaders in PIT revenues

Kyiv became the leader in PIT revenues, providing 130.9 billion UAH, which accounts for approximately 23.3% of the total national amount. Dnipropetrovsk region transferred 55.8 billion UAH, while Lviv region contributed 37.7 billion UAH in PIT. Kyiv region contributed 33.7 billion UAH to the total revenue.

The growth of PIT revenues indicates positive changes in the country's economy and an increase in the income levels of the population. The cited data demonstrate stability and potential for further development of Ukraine's fiscal system.

The growth of personal income tax revenues may indicate the recovery of economic activity in Ukraine, especially in the context of post-crisis recovery.

It is important to note that stable PIT revenues can contribute to the financing of social programs and infrastructure development, which, in turn, will affect the overall well-being of the population. The prospects for further growth in this sector may become the basis for positive changes in the country's budgetary policy.