News / 24 December 2010 | 11:01
Parliament passes state budget 2011
The Verkhovna Rada has adopted a draft law on the state budget of Ukraine for 2011 in the second reading and as a whole.
MPs also ordered the Cabinet of Ministers to increase social spending in 2011 within the adopted budget. The proposal was initiated by parliament speaker Volodymyr Lytvyn, UKRINFORM reported.
Introducing the document in parliament, Minister of Finance Fedir Yaroshenko, said that spending on the publication of textbooks is increased by UAH 25 million, UAH 40 million (USD 1 – UAH 7.96) – for the School Bus program, UAH 130 million – for health care, including UAH 52 million – for cancer treatment program, UAH 25.2 million – to fight tuberculosis, UAH 16 million – to fight HIV/AIDS.
In addition, in 2011 it is planned to increase by UAH 40 million the funds earmarked for cheaper loans to buy housing for young families, UAH 500 million – to finance socio-economic development of regions. Moreover, it is planned to increase spending on agriculture development.
The government also improved funding for children’s recreational facilities Artek and Young Guard, youth programs, education loans, children of war benefits.
Yaroshenko said that during the preparation of the draft state budget 2011 for the second reading the government officials together with lawmakers considered 1,145 amendments.
The adopted instrument envisages the state budget revenues of UAH 281.464.879.4 billion, including incomes of the general fund of the state budget amounting to UAH 238.581.192.9 billion and revenues of the special fund – UAH 42.883.686.5 billion.
The state budget expenditures are approved at UAH 321.948.850.3 billion, including the expenses of the general fund – UAH 279.127.019.8 billion, special fund – UAH 42.821.830.5 billion.
In 2011 it is expected to return credits to the state budget in the amount of UAH 9.185.368.9 billion, including the general fund – UAH 4.497.499.3 billion, special fund – UAH 4.687 869.6 billion; provide loans from the state budget in the amount of UAH 7.544.398 billion, including those from the general fund – UAH 796.100.3 million and from the special fund – UAH 6.748.297.7 billion.
The law establishes a limit budget deficit of UAH 38.843 billion, including the ultimate size of the general fund deficit – UAH 36.844.427.9 billion, special fund – UAH 1.998 572.1 billion.
The Ukrainian parliament has also passed a resolution ordering the Cabinet of Minister, on the results of the budget in the first quarter, to submit a draft law amending the budget in terms of increasing funding for the articles on social spending. Similar changes the government should submit based on the results of execution of the budget in the first half-year.