The Government approves report on 2018 budget implementation

Source : 112 Ukraine

The relevant draft regulation is to be presented in the Verkhovna Rada
17:19, 28 March 2018

Mirror Weekly

The Cabinet of Ministers approved the report on the implementation of the law on the state budget for 2018 and presented it in the Verkhovna Rada. The relevant decision was made on the session on March 28, as 112 Ukraine reported.

“This budget has been approved for the first time within a long period according to all terms, which created an opportunity to conduct a discussion in the Government, and then with the people’s deputies. This discussion allowed us to provide a financial assistance for the salary growth, the introduction of the pension reform and road repair. For the first time in the history, we provided a 100% financial support for the pharmaceutical procurement. Besides, we continued the course towards the decrease of the budget gap. The GDP was 2,6% in the previous year, while the estimated deficit index was 2,7%,” Olexandr Danylyuk, Ukraine’s Finance Minister, stated.

“We are to respect the deadlines this year as well, because this will provide a quality of the budget process,” he added.

It should be mentioned, that the general fund revenue was $26,4 billion in 2017, the deficit was $1,9 billion or 1,6% GDP.

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