The Committee on Finance, Banking, Taxation and Customs Policy recommends the Parliament to consider the Bills "On the State Budget for 2012" and "On Amendments to the Budget Code of Ukraine and several Other Legislative Acts of Ukraine"

21 September 2011, 16:57

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Fundamental expectable macro indexes for 2012 in the draft budget (Reg. No.9000) were calculated taking into consideration the results of economic development in 2011, implementation of the comprehensive economic reforms for the stable economic development of Ukraine, and fundamental program documents of the President and the Government of Ukraine.

 

The following rates should be achieved: nominal VAT rate UAH 1505 billion or by 16,6% more; real GDP growth 105%; consumer price index 109,9%; labor compensation fund UAH 458, 9 billion; income of profit-making company UAH 282,7 billion; budget revenue: integral budget UAH 428, 5 billion; state budget UAH 334,0 billion; local budget UAH 94, 5 billion.

 

Several positions of the document shall be specified.

 

The committee resolved to suggest the Cabinet of Ministers to amend and supplement the bill "On Amendments to the Budget Code of Ukraine and several Other Legislative Acts of Ukraine." Thus, the committee members deem necessary to include the National Bank of Ukraine to the list of bodies exempt from court fees as specified in the bill (Reg. No. 9158) to prevent expenses of the State Budget common fund, to arrange conditions for appropriate legal protection of rights and interests of the National Bank, and to improve efficiency of its actionable work aimed at protection of debtors and creditors.