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Zelensky signs law on state budget for 2020

Source : 112 Ukraine

Totally, the incomes in the sum of $41.276 billion are established for 2020
14:19, 11 December 2019

President's press service

President of Ukraine Volodymyr Zelensky signed the law on the state budget for 2020 supported by the Verkhovna Rada on November 14. The law was returned with the sign of the president on December 11 as the parliament’s website states.

The incomes in the sum of $41.276 billion are established, including the common fund in the sum of $40,222 billion and special fund in the sum $4.9 billion.

The expenses in the sum of $41.275 billion are established, including the common fund in the sum of $41,269 billion and special fund in the sum $5.2 billion.

It is supposed that the recovery of loans to the state budget will take place in the sum of $304 million.

Related: Draft law on special status of Donbas registered in Ukrainian Parliament

The limit volume of the state budget deficit defined in the sum of $3.89 million.

The limit volume of the state debt as of December 31, 2020 is established in the sum of $82.5 billion and the limit volume of the debt guaranteed by the state is $13.1 million.

In 2020, the subsistence rate for one person for a month since January 1 will make $83.65, since July 1 - $87.4, since December 1 - $90.3.

The expenses for national security will make $10.225 million (5.45% GDP). The money will be sent for:

- wages (with finance charges);

- medicine and dressing supplies;

- products;

- payment for utilities;

- creation, purchase, modernization and repair of armament and hardware;

- payment of one-time financial assistance in case of loss (death), disability or partial disability and other social payments;

- construction/ purchase of accommodation.

Related: Law on establishment of Gas Transportation System’s independent operator comes into force in Ukraine

On November 14, the Verkhovna Rada of Ukraine adopted the bill #2000 on the State budget of Ukraine for 2020 at the second reading and in general.

 

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