The Ministry of Finance has begun work on the preparation of a draft Budget Declaration for 2023-2025, which the Cabinet of Ministers must approve no later than June 1.
“First Deputy Finance Minister Denys Uliutin held an online meeting with representatives of the ministry on the preparation of the draft Budget Declaration for 2023-2025,” the Finance Ministry’s website reported.
At the same time, the Ministry of Finance insists on the preparation by budget managers of high-quality proposals regarding the goals of state policy and the volume of additional expenditures to achieve them in order to form a vision of budget policy for the medium term and make calculations of budget indicators for the next three years.
As reported, the Verkhovna Rada has approved the Budget Declaration for 2022-2024. The Ministry of Finance prepares such a document for three years annually. After the adoption of the new declaration, the previous one becomes invalid, the ministry reminded.
