KIEV, March 12 – Ukraine's state budget has the necessary funds to implement new social initiatives proposed by President Viktor Yanukovych, his administration has reported.

"According to rough estimates by the Finance Ministry, there's already an additional UAH 10-11 billion that has come primarily from higher than expected VAT revenues from imported and domestic products and due to a planned increase in revenues from income tax," the first deputy head of the presidential administration, Iryna Akimova, said at a briefing in Kiev on Monday.