MPS ADOPT UKRAINE’S STATE BUDGET FOR 2015

MPs adopted Ukraine’s state budget for 2015, envisaging the country’s GDP at minus 4.3%, nominal GDP at UAH 1.721 trillion, inflation at 13.1%, and the exchange rate at UAH 17 per U.S. dollar.
Law of Ukraine No. 1000 on Ukraine’s state budget for 2015 was supported by 233 lawmakers early on Monday, an Ukrinform correspondent reported.
“There is a proposal to vote for the draft law of Ukraine on the state budget, taking into account all that has been said [amendments], adjusting the parameters according to the revenue base. The [budget] committee should envisage respective amendments and submit them for signature by the [parliament] chairman, and we’ll adopt a new draft budget by February 15,” Prime Minister Arseniy Yatseniuk said before the vote.
The chairman of the parliamentary budget committee, Andriy Pavelko, said that major macroeconomic figures and the amount of gross revenues and expenditures in the state budget would not change significantly.
The final text of the document has not yet been published on the website of the Verkhovna Rada.
Earlier, budget revenues in 2015 were projected at UAH 475.24 billion (the general fund – UAH 452.771 billion, and the special fund – UAH 22.468 billion). State budget expenditures are planned at UAH 527.194 billion (the general fund – UAH 502.937 billion, and the special fund – UAH 24.257 billion).
The state budget deficit is projected at UAH 63.67 billion (the general fund – UAH 49.803 billion, and the special fund – UAH 13.867 billion).
Next year the deficit of Ukraine’s state oil and gas company Naftogaz could reach UAH 31.5 billion.
The state budget also foresees the issuance of UAH 20 billion worth of government bonds in exchange for these bonds of the notes issued by the Individual Deposit Guarantee Fund.
UAH 36.5 billion is envisaged for the additional capitalization of banks in 2015.

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