The Verkhovna Rada of Ukraine has approved the state budget for 2016. In total, 263 people’s deputies have voted for the corresponding law №3000, while 226 are minimum required, MinFin reports.
The state budget for 2016 has been approved with revenues of UAH 595 bln 081 mln 135.3 ths and expenses of UAH 667 bln 733 mln 507.2 ths.
Thus, the revenues and expenses of the updated budget have reduced by more than UAH 6 mln of the total fund of UAH 1.8 bln.
It should be emphasized that debt ceiling, minimum salary and minimum living wage have remained unchanged. It is proposed to establish debt ceiling in the amount of UAH 1.5 tln by the end of 2016; it is envisaged to raise minimum living wage to UAH 1496 in 2016, minimum salary – to UAH 1550.
The draft state budget for 2016 the deficit is envisaged at 3.7% GDP within the range of IMF versus 4.1% GDP in 2015.
On December 24, 2015, after continuous consultations the Verkhovna Rada has passed the new version of tax reform.
