The region maintains a trend toward increasing production volumes in all sectors of the national economy. In January-August, industrial output growth was 22.7 percent (in Ukraine - 14.4 percent), construction - 18.8 percent, trade - 19 percent, agriculture - 7.5 percent. The volume of investments attracted to the territory of priority development of the city of Novovolynsk for the 1st half of the year amounted to 3.5 million US dollars, which is 74.7 percent of the amounts envisaged by the projects. The volumes of foreign trade exports of goods for January-July 2004 amounted to 136.8 million US dollars (18.8 percent more than last year), imports - 363.9 million US dollars (40.1 percent more). The negative balance amounts to 227.1 million dollars and has grown by 45.5 percent. Taking into account the achieved indicators of socio-economic development, 376.3 million UAH was collected to the Consolidated Budget, which exceeds the corresponding last year's indicator (in comparable conditions) by 46.2 million UAH, or 14 percent. Above the planned targets, 26.2 million UAH was mobilized. In September, 45.2 million UAH was received, which constitutes 113.7 percent of the assigned indicators and 5.5 million UAH more than August of last year. To the State Budget, the tax service of the region collected 210.3 million UAH for January-September 2004, which is 40 million UAH or 23.5 percent more than last year (in comparable conditions - 170.3 million UAH). Additionally, 1.4 million UAH was received to the budget above the planned target. In particular, in September 25.5 million UAH was collected, which is 7.5 million UAH or 42 percent more than last year's level (in comparable conditions - 17.9 million UAH). Since the beginning of the year, the monthly schedule of the Ministry of Finance of Ukraine has been fulfilled at 100.5 percent (with a plan of 49,164 thousand UAH, actually 49,430 thousand UAH was received) The increase in revenues compared to the corresponding period of last year amounted to 349 thousand UAH, which is positive against the background of a reduction in the profit tax rate from 30 to 25 percent. At the same time, under the taxation conditions of 2004 (at a rate of 25 percent), a growth of the tax by 8.5 million UAH or by 20.9 percent was ensured Over 9 months, the collection of value added tax amounted to 110.5 million UAH. Compared to the corresponding period of 2003, revenues increased by 23.6 million UAH. Fulfillment of the forecast targets for January-September of the current year was ensured at 101.6 percent. There is a trend of increasing the level of value added tax payment. As of 01.09.04, this indicator in the region amounted to 90.6 percent compared to 84.1 percent as of 01.01.04. Over the nine months of the current year, 27.8 million UAH of excise duty was mobilized to the State Budget, which is 7.9 million UAH more than the corresponding period of last year, or 101.2 percent of the assigned forecast target. In particular, in September - 3.7 million UAH. The forecast target was fulfilled at 100.3 percent. Since the start of the "Excise Stamp" operation, tax service employees conducted 3,706 inspections of business entities, based on the results of which 1,280 violations were detected. The amount of expected revenues from the application of financial sanctions amounts to 1,058 thousand UAH, including in September 75 inspections were carried out, 70 violations were detected, the amount of expected revenues from the application of financial sanctions is 96.4 thousand UAH. Over the 9 months of the current year, 36.2 million UAH of local, resource and non-tax payments was mobilized to the Consolidated Budget, which constitutes 110.8 percent of the planning-normative base, to the State Budget - 10.6 million UAH, or 109 percent of the forecast target. Fulfillment of tasks for all types of taxes was ensured.
On the results of the work of the state tax service agencies of Volyn region in January-September 2004
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