Ukraine will replenish the budget of tobacco and vodka money.

The Cabinet of Ministers of Ukraine adopted a decision to increase excise taxes on products to increase revenue from tax collection. This Kommersant-Ukraine. " In particular, because of the tax increase a number of products in May and June 2009 went up by 25-40 percent, which budget will be able to obtain additional approximately 6 billion hryvnia (749.5 million dollars). The share of revenues from excise taxes will exceed 12 percent.
According to the Ministry of Finance, the ratio of excise to nominal GDP over the past few years has steadily decreased. In doing so, the growth rate of this type of tax was lower than inflation. The increase of excise tax budget will be able to get 4.5 billion hryvnia only from the tax on cigarettes, liquor and vodka, and diesel fuel. Yet nearly a billion hryvnia will bring to the excise tax on beer.
As expected, increasing the tax will take place in three stages - from 1 May to 1 July and 1 November. The increase in excise rates on cigarettes and alcohol has already been applied twice - from 1 September 2008 and February 1, 2009. Given the last two increases in tax revenues from excise tax in the budget of Ukraine reached 10 billion hryvnia, which is three times higher rate in 2008.
Some revenue will be achieved also by increasing the excise tax on cars. At the end of 2008 the tax on cars with an engine capacity of up to 1.5 liters grew 1,5 times, 1,5-2,2 liters - 4 times, 2,2-3 liters - 2 times, and more than 3 liters - 10 times. From 1 November, 2009 to 50 per cent will increase the tax on diesel fuel.
According to the newspaper, excisable goods does not apply to essential goods, and therefore occupies a small portion of the structure of inflation. As expected, increasing the excise tax does not cause a general increase in consumer prices. Thus, in addition to increasing funds to the budget, the government expects to reduce the consumption of tobacco and alcohol use by citizens.
At the end of the first two months of 2009 was the only excise taxes, fees which increased over the same period in 2008. The collection of the remaining taxes, including value added tax and income tax fell.
At the end of March 2009 the secretariat of the Ukrainian president announced on budget. As at 19 March this year, the income of the general fund budget of Ukraine amounted to 24.9 billion hryvnia. Expenditures General Fund reached 33.5 billion hryvnia.