In absolute terms, the business sector contributed UAH 10.4 billion to the local budgets of our region, and the budget sector – UAH 3.7 billion. This is, respectively, UAH 2.3 billion and UAH 0.5 billion more compared to the same period in 2023.
With the overall growth rate of personal income tax revenues to the budget of Lviv region at 24 per cent compared to the same period last year, the business sector has increased by 28 per cent over 9 months, and the budget sector by 15 per cent. This was stated by Oleg Demkiv, Director of the Department of Finance of the Regional State Administration, who reminded that the outperformance of business this year continues on a monthly basis. The personal income tax is the main source of local budget revenues (its share is 58 per cent of the general fund revenues without transfers).
In absolute terms, the business sector contributed UAH 10.4 billion to the local budgets of our region, and the budget sector – UAH 3.7 billion. This is, respectively, UAH 2.3 billion and UAH 0.5 billion more compared to the same period in 2023.
The share of business in total personal income tax revenues in January-September 2024 is 73.7 per cent. For the same period last year, this figure was 71.4 per cent.
Oleg Demkiv once again reminded that the above analysis is carried out under comparable conditions, i.e. without the personal income tax on military personnel, which is fully credited to the state budget. In this regard, there is a 2.5-fold decline in the public sector.