Amendments to Budget Code: major developments of 2018

On 7 December 2017, simultaneously with the adoption of the state budget for 2018, the Verkhovna Rada adopted amendments to the Budget Code (Law No 2233), which became the basis for the formation of state and local budgets for 2018.

A brief review prepared by the experts of the Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and the SKL International project) dwells upon the changes in the budget process and the way they will affect the formation and implementation of local budgets.

One of the aspects to be noted is that the Budget Code (hereinafter – the Code) has changed amalgamated hromadas-related wording. It is about changes in the terminology and essence of the concept of “amalgamated hromadas”. Starting from 2015, the Code determined that the budgets of local self-government are the budgets of territorial communities of villages, their associations, rural settlements, cities (including city districts), budgets of amalgamated hromadas, established in accordance with the law and perspective plan for the formation of hromadas’ territories. In the new version of the Code, local self-government budgets include the budgets of territorial communities of villages, their associations, rural settlements, cities (including city districts), and budgets of amalgamated hromadas. Therefore, there is no norm in this case, linking amalgamated hromadas with the perspective plan for the formation of hromadas’ territories. Also, the definition set of the Code was added by the definition of the “budgets of amalgamated hromadas” which includes the budgets of amalgamated hromadas, established in accordance with the law and perspective plan for the formation of hromadas’ territories, as well as budgets of amalgamated hromadas, recognised by the Cabinet of Ministers of Ukraine as capable in accordance with the procedure established by law (Part 1, Point 2¹, Article 2).

Besides, the amendments to the Code clearly regulate the issue of including budgets of amalgamated hromadas into the indicators of the oblast’s consolidated budget (Article 6), while the previous version noted that indicators of the AH budgets are included in the corresponding consolidated budget without a specific definition of the latter.

Materials are prepared by the experts of the Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and the SKL International project):

  • Yanina Kazyuk, financial decentralisation coordinator
  • Viktor Ventsel, financial monitoring expert
  • Svitlana Demydenko, financial monitoring expert

The full version is available in Ukrainian – please click HERE

09.01.2018 - 13:13 | Views: 19405
Amendments to Budget Code: major developments of 2018

Tags:

budget budget analytics Ya.Kazyuk

Source:

Share the news:

Коментарі:

To add comment you should be authorized or sign_in
Read more:

17 February 2020

A Lviv Opillya new tourist cluster has appeared in the Lviv origin

A Lviv Opillya new tourist cluster has appeared...

The decision about forming a new tourist cluster was signed by four heads of AHs, located on the territory of the...

17 February 2020

Stanislavska hromada’s attitude towards enlargement and its current development: a conversation with the AH head

Stanislavska hromada’s attitude towards...

‘At the decentralization beginning Stanislavska malgamated hromada from the Kherson region greeted the reform with...

17 February 2020

In the Mostivska AH children construct and program robots

In the Mostivska AH children construct and...

On February, 10 in four villages of the Mostivska hromada of the Mykolaiv region STEMkids information and education...

17 February 2020

The best practices of providing cultural services: a survey for amalgamated hromadas

The best practices of providing cultural...

Amalgamated hromadas are welcome to complete a survey on the best practices of providing cultural services. The...