The Council Committee approved proposals for the Government’s Budget Declaration for 2025-2027

The Verkhovna Rada Budget Committee today, July 23, approved proposals for the Government’s Budget Declaration for 2025-2027.

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People’s Deputy Oleksiy Goncharenko reported this on his Telegram channel.

Only the Budget Committee approved proposals for the much-talked-about Government Budget Declaration for 2025-2027, which provides for a freeze on social payments and a reduction in defense spending. By the way, there were only two votes against – mine and Andrey Lopushansky’s, Goncharenko noted.

So, according to the Verkhovna Rada Regulations, this can be done no later than August 11. If this is not considered by August 11, then the Budget Declaration remains adopted without proposals from the Council, he added.

According to the MP, the first session of the Rada next month was scheduled for August 20.

But, firstly, this schedule is absolutely conditional and has not been officially approved by anyone. Secondly, the Chairman of the Verkhovna Rada can call a meeting at any time, he noted.

The head of the Budget Committee, Roksolana Podlasa, reported on her Facebook page that the committee, having reviewed the Budget Declaration, recommends to the Government in the State Budget 2025 (main positions):

1. increase planned revenues (on its own initiative) and conduct an audit of existing tax breaks in order to protect the budget from unjustified losses;
2. approve the Public Debt Management Strategy 2025-2027;
3. take measures to restructure public and publicly guaranteed debt;
4. strictly prioritize budget expenditures, abandoning priority, irrelevant and ineffective expenditures, concentrate financial resources on strengthening defense capability, reconstruction, fair and targeted social protection of citizens who have found themselves in difficult life circumstances, and support for veterans of the Russian-Ukrainian war;
5. to study the possibility of increasing the subsistence minimum and minimum wage in 2025-2027, as well as the official salary of an employee of the first tariff category of the Unified Tariff System, based on available financial resources and subject to sufficient provision of funds for defense needs;
6. draw attention to the need to introduce a grading system of remuneration in the civil service in the relevant legislation, and not in the state budget (adopt bill No. 8222);
7. take into account, when distributing state budget expenditures on social protection, funds to support IDPs based on data from ongoing monitoring of the number of such persons and taking into account possible changes;
8. continuation of the work of the Fund for the Elimination of the Consequences of Armed Aggression with the aim of eliminating the humanitarian, social and economic consequences caused by Russia’s armed aggression against Ukraine;
9. preventing the transfer of powers by the state to compulsory medical insurance without appropriate financial support;
10. maintaining stable sources of income for local budgets, ensuring that, when such sources are reduced, the corresponding losses in local budget revenues are compensated.
11. find ways to strengthen the financial solvency of territorial communities by exploring the possibilities of:

• transfer of a larger share of personal income tax (64%) to the general fund of local budgets;
• continuation of the suspension of the effect of Articles 98 and 99 of the Budget Code in terms of the transfer of reverse subsidies from local budgets to the state budget;
• defining mechanisms for implementing property valuation that reflects the current market value of real estate objects and that can be used for property taxation purposes;
• invention of a mechanism for compensating debts for the difference in tariffs for the production, transportation and supply of thermal energy, for thermal energy, centralized heating services and centralized hot water supply.

Such recommendations must be adopted by the Verkhovna Rada with its majority (226 votes), Podlasa noted.

Source: Racurs

David

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