December 15, Finance Minister Natalie Jaresko
presented a package of bills, including the draft State Budget, amendments to the
tax legislation, those already submitted to the Verkhovna
Rada of Ukraine.
to Natalie Jaresko, the proposed legislative changes
are aimed to reduce the tax burden in the economy, to provide financing of all top
priority needs of the state, to improve the efficiency and targeting of public
expenditures and quality of services for the citizens, and not to exceed a
target budget deficit 3.7% at that, having thus met the requirements to prolong
cooperation with the IMF in the framework of the Extended Fund Facility.
on the drafting of this package of laws has lasted rather long – after all we
had to offer the society not a single bill, but a system-based, well-balanced
package of documents to ensure high-quality structural changes in the estimated
revenues and expenses of the budget. As a result, we agreed with the Government
and submitted to the Verkhovna Rada
a package of 7 bills, which contain an updated draft budget for 2016, as well
as a number of crucial draft laws that determine the changes in revenue and
expenditure components of the budget", noted in her statement the Minister
that the elaborated changes to the legislation will create a stable basis for
financial and economic stability. And thus we’ll return to a path of real economic
growth, investment flows and people’s lives improvement", summed up Minister
of Finance N. Jaresko.