On June 18, the Minister of Finance of Ukraine Serhii Marchenko presented the annual report on the implementation of the Law of Ukraine "On the State Budget of Ukraine for 2020" to meet the requirements of the Budget Code and the Rules of Procedure of the Parliament.
The State Budget of Ukraine for 2020 was approved in November 2019. However, the outbreak of COVID-19 led to a rapid economic decline, which resulted in a gap of UAH 44 billion in the budget. Considering the lack of the Program of cooperation with the IMF, the situation required decisive and concrete actions.
"For me, as Minister of Finance, the key task for 2020 was to strengthen the fiscal framework and find a resource to fight the pandemic and its consequences," stressed Serhii Marchenko.
The main priorities in 2020 were:
Despite the difficult conditions, thanks to the support of the President of Ukraine, the Parliament, and the Government we managed not only to finish the year 2020 with good performance but also created the basis for economic growth this year. Ukraine's progress was also appreciated by the international community. It is evidenced by the performance indicators:
The Parliament took the report of the Government on the execution of the State Budget for 2020 for its consideration. Members of Parliament supported the draft decree No 5612. The 232 deputies voted for it.