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Ukraine's govt endorses amendments to draft bill on 2019 state budget

Source : 112 Ukraine

The bill, prepared for the second reading, considers changes in terms of incomes, which took place particularly due to the draft law on increasing excise duties and bid rents for land
13:56, 14 November 2018

Open source

The Cabinet of Ministers of Ukraine has upheld the amended draft law about the country's state budget in 2019. The document is now ready for the second reading in the Parliament.

Acting Finance Minister Oksana Markarova reported that the budget deficit level in this edition of the bill remains the same as it was, 2.3 percent from the GDP. 

The Finance Ministry reported that the current edition of the draft law considers changes in terms of incomes, which took place particularly due to the draft law on increasing excise duties and bid rents for land. 

The Verkhovna Rada, Ukraine's parliament supported the draft law on 2019 state budget on October 18.

Prime Minister Volodymyr Groysman called the budget 'well-balanced, realistic and the one that should provide the development of our state'.

The annual incomes are expected to make USD 357 billion; the expenses are to make just about the same sum; the minimum wage and the poverty line will be increased. The government expects the minimum monthly wage to be set on the level of USD 149.

Related: Poroshenko not to sign 2019 budget if proposals on subsidies not considered

Related: IMF wants Ukraine's 2019 state budget adjusted

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