The law of independence of the UTO budgets was approved by the Rada, which will change



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Ukraine, Thursday, September 17, 2020 11:24

News in Ukrainian

Rada finally approved the law on the independence of UTO budgets: what will change

Photo: Verkhovna Rada (Vitaliy Nosach / RBC-Ukraine)

The Verkhovna Rada approved Bill No. 3614 on second reading, which provides for the non-interference of districts in community budgets. 287 popular deputies voted in favor of the law.

Reported by RBC-Ukraine.

According to the document, the 1,470 territorial communities will switch to direct inter-budgetary relationships with the state budget as of January 2021. And this means that the rural, settlement and city budgets will not depend on the district, as before.

The law stipulates that the territorial communities will be independent: the regional authorities will not have any administrative or financial impact on them.

At the same time, income and expenses will be delimited between the budgets of districts and territorial communities. District budgets will not receive a core grant and will not have direct inter-budgetary relationships with the state budget.

With the approval of the bill, 60% of the personal income tax will go to the budgets of the communities.

Recall that the Rada approved this law as a basis in mid-July, 320 deputies voted for it.

As RBC-Ukraine wrote, on July 17, the Verkhovna Rada approved as a basis and as a whole the resolution of the Cabinet of Ministers, which liquidates the old regions and creates new regions.

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