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 Ukraine's budget for 2018 passed by 273 votes

The Verkhovna Rada of Ukraine adopted the draft state budget of Ukraine for 2018 in the second reading and as a whole.

As reported by Censor.NET citing UNIAN, the bill was finalized taking into account budgetary conclusions and approved by the government for the second reading on Dec.1.

267 lawmakers cast their votes for the bill in the second reading.

The draft law on the state budget for 2018 was passed by 273 MPs with a required minimum of 226 votes.

The Verkhovna Rada promulgated the draft state budget of Ukraine for 2018, revised by the Cabinet for its second reading. Compared with the original version, the state budget revenues are proposed to increase by 37 billion hryvnia, expenditures - by 41 billion hryvnia, and deficit - by 3.9 billion hryvnia, to 81.8 billion hryvnia. In the process of finalizing the draft for its second reading, the government worsened the target of expected inflation next year to 9 percent from 7 percent expected earlier, while the GDP growth rate remained at the same level of 3 percent.

In the updated draft, it is proposed to increase subventions to local budgets to pay benefits and subsidies to the population for their payments on utility bills by 15.9 billion hryvnia, for healthcare and social assistance to the population - by 5.9 hryvnia and 2 billion hryvnia, respectively. There is also a new subvention for the development of regions in the amount of 5 billion hryvnia. Additional expenses are proposed to be compensated for by increasing revenues from profits and dividends of state companies by 13.9 billion hryvnia, corporate profit tax by 9.5 billion hryvnia, fees for the use of radio frequency resources by 6.3 billion hryvnia, VAT revenues from goods imported to Ukraine by 2.2 billion hryvnia, import duty – by 1.8 billion hryvnia, profit of the National Bank before transfer to the budget by 1.7 billion hryvnia. In addition, in contrast to the original version, the finalized draft law provides for the receipt of 4.7 billion hryvnia from the confiscation of property by court decisions for corruption offenses. 

Источник: https://censor.net.ua/en/n3038147
 
 
 
 
 
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