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Ukrainian MPs offer reducing state budget revenues by 3 billion USD

Source : 112 Ukraine

Draft amendments to state budget introduced to parliament
15:39, 12 April 2020

Verkhovna Rada of 9th convocation, first session, August 31, 2019
Zoya Shu/112.ua

In Verkhovna Rada, draft law No. 3279-d on changes in the budget due to the crisis caused by coronavirus infection was registered. The text of the bill and corresponding documents are published on the website of the parliament.

The project was submitted by MPs of the Servant of the People, European solidarity, Barkivschina (The Fatherland), and Holos (The Voice) factions.

Related: Coronavirus constantly mutates to infect more people, - scientists

According to a comparative table, budget revenues are proposed to be reduced from 40,5 billion USD to 35 billion USD, and expenditures should be increased from 43,6 billion USD to $44,2 billion.

The border budget deficit might increase from $3,4 billion to $8,9 billion, the limit of public debt - from 75 billion USD to 88 billion USD.

In addition, the bill provides for the establishment of the Coronavirus Foundation, which will amount to 2,5 billion USD. From it will be financed measures against the epidemic, the purchase of equipment, assistance to doctors, pensioners and those who have lost their jobs due to quarantine.

It is also proposed to increase funding for the Ministry of Health: it will receive 600 million USD for a medical care program and about 34 million USD for the development of an emergency medical care system.

As we reported before, an extraordinary meeting of the Verkhovna Rada of Ukraine will be held on Monday, April 13.

Related: Ukraine's government congratulated Catholics and Protestants on Easter

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