Ukraine’s Verkhovna Rada passed at first reading bill No. 2144 with amendments to the Budget Code with 264 supporting votes on October 18.
The bill sets the amount of government support for agricultural producers at a level of no more than 1% of agricultural output due to insufficient spending of these funds.
“For these purposes, the national budget for 2018 earmarked UAH 5.3 billion of expenses, of which UAH 4.2 billion was actually used, or 79.2% of planned amount, which is 0.66% of agricultural output,” the authors of the bill said in the explanatory note.
In addition, the bill determines the amount for the state fund for regional development at the level of no more than 1% of the forecasted income of the general fund of the draft national budget, according to the document.
At the same time, the parliamentary budget committee pointed out the need to refine the bill for second reading.
