The Committee on
Budget has considered the bill On Amendments To Law of Ukraine On State Budget
For 2016 No. 5502 tabled by members of the Ukrainian Parliament Viktor Kryvenko
and Vasyl Amelchenko.
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The bill offers to amend Article 1 of Law of Ukraine On State Budget For 2016 and supplements Nos. 1, 3 and 7 to the Law. As a result it is envisioned to raise revenues and expenditures of the state budget by UAH 4,36 million.
The bill offers to raise the subvention for local budgets by 4,360 million for provision of privileges and housing subsidies to the population.
In its expert conclusion, the Finance Ministry of Ukraine noted that it supports the bill and that its implementation would be provided with all required financial resources (in case the bill is adopted).
The Committee decided to recommend that the Verkhovna Rada of Ukraine adopt as a basis and on the whole the bill On Amendments To Law of Ukraine On State Budget For 2016 No. 5502 after its consideration in first reading.
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