Status: first reading. The Cabinet and MPs can still submit amendments.
Who is affected: Ukrainian citizens, business, government bodies, local government, doctors, teachers, and servicemen.
What does it change:
- government budget-2021 draft project could be adopted in the first reading, the Cabinet will receive recommendations on how to amend the budget project
- expected government budget-2021 revenue is ₴1.071 trillion, expected expenditures are ₴1.330 trillion. Thus, the budget deficit will be over ₴250 billion.
Why this is important: government budget projects are the most important documents that the Verkhovna Rada ever adopts. Budget projects define priorities in each state policy for a year. Timely adoption of the budget is important for the proper functioning of all state institutions.
What is wrong: according to the Budget Code, the draft budget project should have been adopted before October 20, 2020.
What’s next: the budget project has to be adopted in the second reading before November 20 and finalized before December 1.
Hearing date: Thursday, November 5.