The bill (Reg.No.11220) aims at increasing the effectiveness of state debt management and liquidating single fiscal accounting.
The bill suggests amending article 16 of the State Budget of Ukraine to entitle the Government to use the debt instruments, including the right to increase the amount of state borrowings if there is a need to cover temporary cash budget shortages to maintain the implementation of social and economic development programs.
The Committe noted that the Central Scientific Experts Office of the Verkhovna Rada of Ukraine Secretariat agrees with the suggestions of the bill and believes that to adopt a better decision it would be logical to receive Government?s expert report.
The Committee members noted that the Ministry of Finance upholds the adoption of the bill, the implementation of which, according to them, will bear positive impact on realization of the current state budget and the following ones.