During the first 6 months of 2017, Naftogaz group has paid UAH 67.5 billion of taxes and dividends to the state budget of Ukraine (as at 4 July 2017). This amount is almost equal to the group’s contributions to the state budget for the 12 months of 2016 (UAH 74 billion). Payments from Naftogaz group correspond to 17% of total revenues of the state budget in the first half of 2017.
These contributions are more than sufficient to fund the state subsidy system for vulnerable gas consumers. In the first half of 2017, liabilities of the state budget to gas and gas-generated heat suppliers arising from the accrued subsidies, including those uncovered in 2016, totaled UAH 49.2 billion, with UAH 29.5 billion covered. The underfunding makes up UAH 19.7 billion, which leads to increasing suppliers’ debt for gas received from Naftogaz.
Naftogaz continues to supply gas to all vulnerable consumers under its public service obligations imposed by the Cabinet of Ministers. However, consistent and significant delays in payments for the supplied gas put at risk the accumulation of gas reserves necessary to ensure secure gas supply during the winter season 2017-2018.
Corporate Communications Department
NJSC Naftogaz of Ukraine
