Verkhovna Rada of Ukraine adopts Law "On amendments to Chapter VI "Final and Transitional Provisions" of Budget Code of Ukraine" (as to stabilization (reserve) energy fund)

Information Department
26 January 2016, 17:13




The Law supplements Chapter VI "Final and Transitional Provisions" of the Budget Code of Ukraine with new Item 3-4.

The Item envisions that:

the provisions of the Code do not apply during rendering of state security to form the stabilization (reserve) energy fund;

provision of such state security is rendered only within set by the law on state budget;

security liabilities that emerge as a result of implementation of the aforementioned Item are referred to the state-secured debt.

The Law includes the remark offered during the discussion.

Respective draft law was registered under No. 3388.