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April 2, 14:50 Source: APK-Inform Views: 517

Ukraine: law of budget cutting for 2014 was published

In Ukraine the Law #1165-VII “On amendments to the Law of Ukraine “On the State Budget of Ukraine for 2014” was published in the newspaper “Golos Ukrainy” on April 2, 2014. The Law comes into force on the day following its publication.

As a reminder, the law introduces decreasing of the general budget profits in 2014 by 19.3 bln UAH — to 482.4 bln UAH.

Also, the document introduces increasing of the state borrowings in 2014 by 35.93 bln UAH — to 193.25 bln UAH.

Also, the payments for redemption of the national debt in 2014 is proposed to increase by 13.66 bln UAH — to 109.14 bln UAH, including increasing of external and internal public debt payback by 5.21 bln UAH — to 41.48 bln UAH, and by 8.45 bln UAH – to 67.66 bln UAH, respectively.

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