The Parliament adopted the draft law, allowing amalgamated communities to form and meet their own budgets

Amendments to the Budget code will facilitate adequate formation and meeting of budgets of amalgamated territorial communities. They will also keep the quality of budgetary provision of non-amalgamated territorial communities at its present level.

Draft Law of Ukraine # 3490 “On Introduction of Amendments to Budget Code of Ukraine Concerning Peculiarities of Formation and Meeting of Budgets of Consolidated Territorial Communities” was supported by 242 people’s deputies on Thursday.

“With the adoption of this law, local authorities of amalgamated territorial communities will develop their budgets and facilitate their fulfillment. The communities will be able to fund budgetary establishments with full amounts and in time, as well as bear other necessary costs”, Gennady Zubko stated.

The draft law provides amendments to the Budget code, which will:

Regulate the procedures of development of draft budgets in amalgamated territorial communities, and define the mechanisms for control of compliance with budgetary legislation in part, concerning inter-budgetary relations in local self-government bodies of newly-formed communities;

Define the peculiarities of formation of incomes and expenditures of amalgamated territorial community budgets in case of delayed entering into force of the Law on State budget of Ukraine, as well as in case of delayed decision on the respective local budget;

Regulate the issues concerning funding of communities, which have not amalgamated, but still belong to raions, where some territorial communities are amalgamated ones.

As we know, on October 25, 2015, in according to the Law of Ukraine “On voluntary unification of territorial communities”, the first elections took place in 159 amalgamated territorial communities. The election was the starting point of the process of local self-government bodies’ formation in these territorial communities.

Source:

PRESS-SERVICE OF VICE- PRIME MINISTER OF UKRAINE

Share the news:

Read more:

05 July 2022

Oleksiy Chernyshov presented Ukraine’s Regional Recovery and Development Plan at the International Conference in Switzerland

Oleksiy Chernyshov presented Ukraine’s Regional...

On July 4, Minister for Communities and Territories Development Oleksiy Chernyshov took part in the panel discussion...

04 July 2022

Ukraine should reform now, and not wait for the Marshall Plan, - Oleksiy Chernyshov

Ukraine should reform now, and not wait for the...

Ukraine has high hopes for the so-called second Marshall Plan, but it is necessary to restore and reform the state...

04 July 2022

Актуальний перелік громад у районах бойових дій, на тимчасово окупованих та оточених територіях

Актуальний перелік громад у районах бойових...

  Наказом Мінреінтеграції затверджено оновлений перелік територіальних громад, розташованих у районах...

04 July 2022

Peculiarities of the budget process under the martial law (being updated)

Peculiarities of the budget process under the...

Under the martial law it is vital to ensure efficient, proper and sustained fulfillment of local budgets. To ensure...