Cabinet of Ministers of Ukraine initiates a review of the state budget of Ukraine for 2009 року.
As reported by the weekly Comments: next week MPs will be asked to consider changes to the law on the budget for the current year. The Government considers it necessary to increase the Reserve Fund, which will decrease after the funding for the elimination of floods in Western Ukraine. At the same time, the Verkhovna Rada can adjust and return-costs in the budget to its optimization.
According to the publication, one of the additional sources of financing for the Treasury could be excess revenue by increasing excise taxes on beer. MPs have passed a law increasing them from 34 to 60 cents per liter, which, according to the Ministry of Finance, will bring in additional state budget 260-280 mln. Comments: believe that Ukraine's President Viktor Yushchenko may sign it, if the parliament will withdraw from document standards, specifying the direction of the funds for their own needs (in particular, for 97 mln. Instrument increases funding apparatus Verkhovna Rada).
In addition, according to Finance Ministry estimates, the budget can be further collected 300-400 mln. monthly by the recovery of imports of automobiles and household appliances, which ceased after the introduction of 13-percent premium to the duties on these products. The package of budget amendments the government is going to submit to the BP bill stipulating the abolition of the current allowance for duties.
Proceeds from the imposition of 2 per cent premium to the current target price of natural gas for the budgetary institutions and organizations, industry and other users (this innovation may also appear in the draft budget amendments) will allow Cabinet partly invest the budget program for the intelligence and exploration drilling for introduction of new deposits of hydrocarbons.
Cabinet also intends to increase spending on compensation NAK Naftogaz of Ukraine the difference between the purchase price of imported natural gas and its implementation on the production of thermal energy to the population - at 6.1 billion UAH. (from 1,6 to 7,7 billion UAH)., writes the weekly.
In addition, the Government intends to initiate amendments to the laws of the state budget and state support for the agricultural sector, which will implement the Rural Fund for the purchase through a special fund for the Agricultural Exchange of diesel fuel and fertilizer to the needs of agricultural producers. To this end, Cabinet will propose to find the necessary resources, from the freezing of the cost of compensation rates for agricultural credit and the means provided in the state budget to finance the procurement of fertilizers selshozproizvoditelyami.
Also, according to the Comments:, the government is considering to cut the financing of investment programs. In particular, the reallocation of 0,6 billion UAH., Planned for the construction of 393 infrastructure projects, socio-cultural (schools, kindergartens, hospitals, stadiums, sports schools), to secure the financing of the treasury.
As reported by UNIAN, Ukraine's President has repeatedly called the state budget for 2009 and unrealistic to insist on its revision.
May 6, Prime Minister of Ukraine Yulia Tymoshenko stated that to date there is no reason to revise the state budget because it is filled with over-plan.
In 2009 the income of state budget of Ukraine set at 238.931 bln. (including the general fund - 183.698 bln.) costs - 267.32 bln. (including the general fund - 193.285 bln.). Limit the amount of state budget deficit is set at 31.105 bln., Including general fund deficit - 9.170 bln. Limit the amount of public debt of Ukraine on 31 December 2009 is set at 192.924 bln. (in on 31 December 2008 this figure was projected at 89.138 bln.).
budget is calculated on the basis of the macroeconomic forecast for 2009: GDP growth - 0.4%, nominal GDP - 1.062 trillion. grn., inflation - 9.5%, the index of producer prices - 12%.
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