The state budget of Ukraine: mechanisms for balancing
On 27 March, 2014 on the motion of the government, the Verkhovna Rada of Ukraine adopted amendments to the State Budget of Ukraine for 2014. As part of the supplementation of the state budget, the introduced changes relate to amended tax and customs legislation (they will generate additional revenue of 24.7 billion UAH, or 1.64 billion euros); the main indicators of revenues from income taxes and levies to the State Budget were also revised.
228 deputies voted at the second attempt for changes to the state budget. Namely, from the fraction of ‘Batkivshchina’ [‘Fatherland’] - 82 of 88 MPs voted in favour; from the party ‘UDAR’ [‘The Blow’] - 20 of 42 MPs voted in favour; from the group ‘Suverennaya Evropeyskaya Ukraina’ [‘Sovereign European Ukraine’] - 29 of 36 MPs voted in favour; from the group ‘Ekonomicheskoye razvitiye’ [‘Economic development’] - 31 of 36 MPs voted in favour; from the faction ‘Svoboda’ [‘Freedom’] - 34 of 35 MPs voted in favour; and among non-partisan MPs- 32 of 59 MPs voted in favour. The Party of Regions (120) and the Communist Party of Ukraine (32 persons) did not support the changes to the state budget.