Plenary Meeting on 7 October 2009

07 October 2009, 17:48

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PLENARY MEETINGS OF THE FIFTH SESSION OF THE VERKHOVNA RADA OF UKRAINE OF THE SIXTH CONVOCATION WERE HELD ON WEDNESDAY, 7 OCTOBER 

 

In the beginning of the morning plenary meeting, Volodymyr Lytvyn, Chairman of The Verkhovna Rada of Ukraine, briefed on the results of Parliament´s work at the plenary meetings on 6 October.

 

The People´s Deputies presented their appeals, announcements and proposals.

 

Then the People´s Deputies resumed scrutiny of the report of the Cabinet of Ministers concerning implementation of the State Budget of Ukraine for the first half of 2009. Anatoliy Miarkovsky, Deputy Minister of Finance, answered the questions.

 

Valentyn Symonenko, Head of the Accounting Chamber, presented a co-report. V.Symonenko announced the basic results of the State Budget and informed about the threatening tendency of decrease of the State Budget revenue in comparison with the previous year.

 

The Head of the Accounting Chamber presented a number of figures relating to the financial state of the country: for 9 months, the State Budget received UAH 146 billion or 61% of the ratified annual plan. The general fund received UAH 107 billion or 59%. The Accounting Chamber estimated that the general fund will receive UAH 30-35 billion or 16-17% less till the end of the year.

 

The Head of the Accounting Chamber also dwelled upon the growth of the national debt and use of funds of the Stabilization Fund.

 

Then the Parliament members suggested that the report concerning implementation of the State Budget of Ukraine for the 6 months of the current year be discussed. The proposal was not endorsed.

 

The People´s Deputies also demanded that V.Stelmakh, Head of the National Bank, presented his report.

 

The Chairman of The Verkhovna Rada of Ukraine explained that the Board of the National Bank shall report on the monetary management.

 

V.Lytvyn briefed on the results of the Conciliative Council sitting held at the request of the BYuT and "Our Ukraine-People´s Self-Defence" Factions.

 

V.Lytvyn stated that the participants of the Conciliative Council agreed to scrutinize the motions in accordance with the documents received. First and foremost, the issues concerning dismissal of the members of the Cabinet of Ministers shall be scrutinized. Separate voting shall be held for every candidacy.

 

Petro Poroshenko, Chairman of the National Bank Board, reported on the fundamentals of the monetary management for 2010.

 

According to P.Poroshenko, the monetary management shall be aimed at the restoration of economy crediting, formation of the system of risks to direct the bank funds into the economy.

 

He stated that the key function of the National Bank is to maintain purchasing power of the national currency to secure stability of the prices.

 

The Chairman of the National Bank Board informed about the monitoring of banks refinancing that had become more transparent. 

 

P.Poroshenko answered the Deputies´ questions. The Parliament members inquired about the way the International Monetary Fund credits had been used, and the response of the National Bank of Ukraine Board to the information concerning high rates of wages of the NBU leaders. 

 

P.Poroshenko stated that the members of the Board initiated reduction of the wages fund in December previous year.   

 

The Chairman of the National Bank Board briefed on the reasonability of currency crediting. He deems necessary to allow currency crediting at least for the producers. As far as the individual currency crediting is concerned, such credits shall be restricted.  

 

The Chairman of the National Bank Board having answered all the questions, the plenary meeting was adjourned.

 

The next plenary meeting of the fifth session will be held on Thursday, 8 October.