Parliament extended «customs experiment» for the repair of roads

The Verkhovna Rada has prolonged until January 1, 2019, the experiment on the financing of repair and reconstruction of roads at the expense of an overfulfillment of revenues from customs duties and introduced the possibility of additional financing by the State road Fund, which will start operating in 2018, reports «Interfax-Ukraine».

For the corresponding amendment to the Budget code voted on December 7 248 deputies.

«To establish that from 1 January 2018 to 1 January 2019 introduces the experiment for financial support of realization of measures on development of public roads in all areas and the city of Kiev, as well as the implementation of measures for development of road infrastructure in the city of Kiev», – stated in the text of the amendment.

The so-called customs experiment on financing the reconstruction of roads started in September of 2015. According to him half of the amount exceeding planned monthly customs revenues go to special funds of regional budgets.

Adopted by the MPs amendment reglamentary that in the case of receiving the regional budgets in the amount of at least 1.5 billion in the first quarter, a 3 billion – the first half of the year, 4.5 billion UAH to nine months and 6 billion UAH – for the year 2018 is the quarterly payment of funds from the State road Fund.

Prime Minister of Ukraine Volodymyr Groysman said in Parliament that the total budget funding for roads in 2018 will amount to 46 billion UAH. According to him, the adopted amendment will balance the allocation of funds for road repairs in the amount of 6 billion UAH.

At the meeting on 7 December, the Parliament passed a bill №7116 «On amendments to the Budget code of Ukraine» with a number of amendments. Groisman said that it is «the first law in the budget package.»

The draft budget for 2018 Rada adopted in first reading on 14 November. According to the document, the profitable part of the budget for 2018 will be 877,043 billion UAH, expenses – 948,129 billion. Nominal GDP is projected at 2,575 trillion UAH.

Hroisman expects that the second reading of the budget will be discussed on 7 December. Speaker of the Verkhovna Rada Andrew Parubiy also expects the MPs to adopt a state budget for the 2018 today, the relevant bills included in the agenda.




Parliament extended «customs experiment» for the repair of roads 07.12.2017

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