News - Adopted as a basis the draft Law “On Amending the Law of Ukraine ‘On the State Budget of Ukraine for 2021’ to Introduce Finance and Credit Mechanisms for Providing Citizens of Ukraine With Housing” - Verkhovna Rada of Ukraine

Adopted as a basis the draft Law “On Amending the Law of Ukraine ‘On the State Budget of Ukraine for 2021’ to Introduce Finance and Credit Mechanisms for Providing Citizens of Ukraine With Housing”

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 13 April 2021, at 19:16

Adopted as a basis the draft Law No. 5308 “On Amending the Law of Ukraine ‘On the State Budget of Ukraine for 2021’ to Introduce Finance and Credit Mechanisms for Providing Citizens of Ukraine With Housing”.

The draft Law No. 5308 provides the Ministry of Finance is required to issue, based on a Cabinet of Ministers decision, internal government bonds for 20 billion hryvnias with further acquisition by the, in exchange for such bonds, of an additional issue of securities of the PJSC “Ukrainian Financial Housing Company”; in connection with accession of the State Mortgage Institution to that PJSC, the planned amount of internal government borrowing will be increased by 20 billion hryvnias; the bill determines the specifics of termination of the State Mortgage Institution.

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