Parliament approved State budget-2018 with revenues set at UAH 1.2 trillion and 3% economic growth
The Verkhovna Rada
of Ukraine endorsed the draft
law "On the State Budget
of Ukraine for 2018" elaborated and timely submitted
by the Government,
which envisages an increase to
the tune of UAH 1.2 trilllion in budget revenues
and the GDP growth at the
level of 3%. 273 MPs gave their
backing to the abovesaid decision.
The draft law,
shaped within the framework of
three-year budget planning that took
into account the recommendations of international financial organizations, has been considered
in the second
reading and incorporated the amendments and proposals of the
lawmakers.
According to the Head of Government,
the budget is clearly prioritized
and aimed at the developing
and modernizing of the country.
"I want to
thank everyone for the proposals,
remarks and final decisions adopted by the
Parliament. 2018 should be the year
of economic growth. We must
achieve profound transformations in the state", the Prime Minister
stressed.
Prior to the voting on the
budget, the Parliament approved amendments relating to the budget
to the Budget
and Tax Codes
of Ukraine. During the discussion
of the document,
officials and parliamentarians agreed that this year's
budget process encapsulated a concerted and constructive cooperation between the the President,
the Government, the Parliament, and representatives of local government.
The parties agreed that on
the results of the first
quarter of 2018 the possibility of further improvement
of social standards will be considered.
Background
The draft state
budget was submitted by the
Cabinet of Ministers in accordance
with the requirements of the Budget Code
on September 15. Two months later
on November 14 , the Verkhovna Rada
approved the draft budget at
first reading.
The Government has
proposed, as part of preparations
for the second
reading, to update some of
the estimates, in particular with
regard to financing the most
burning programs for the economy,
as well as
to revise macroeconomic indicators, in particular inflation
expectations. At the same time,
the core basis of the
document remained unchanged. The budget is recognized
as a development one, with full
regard to the goals of
decentralization and the orientation of economic growth.
The overriding priorities are funding for security
and defense, the introduction of a number of
support programs for the real
sector - primarily the agrarian sector
and road construction, as well as the
improvement of social standards by increasing allocations
for the health
and education system.
Key figures of
the State Budget: http://www.kmu.gov.ua/control/uk/publish/article?art_id=250481382&cat_id=246711250