Back
Automatically translated version. May contain inaccuracies compared to the original.
The State Tax Service (STS) reported a record result in tax collection, but as always they manipulated the facts
The STS presents collection of 800,1 billion UAH for 7 months of the year as a “record result” and a victory. However, when these figures are compared with last year’s numbers and the inflation rate, the real picture looks much more modest. Nominal vs Real growth (Year over year) Nominal figures: 7 months of 2025 year: the STS reported 736,4 billion UAH of receipts to the general fund of the state budget. 7 months of 2026 year: 800,1 billion UAH. Increase in money terms: +63,7$ billion UAH. Nominal growth rate: +8,65%$.
But these triumphant reports do not take the inflation factor into account. According to the State Statistics Service of Ukraine, year-on-year inflation in Ukraine is about 8,0% – 8,6%. Real growth (adjusted for the hryvnia’s loss of value): $8,65% - 8,2%, real growth of tax revenues - 0,4%-0,5%.
Lesya Arkadiyivna, “a record 800 billion” — this is purely an inflationary effect. The physical volume of tax receipts, expressed in purchasing power, has effectively remained at last year’s level.
