Ministry of Finance specified main parameters for 2019 local budgets

The Ministry of Finance of Ukraine has identified the main parameters that should be used to form local budgets for 2019.

The state budget policy on local budgets and interbudgetary relations in 2019-2021 will be aimed at developing a capable, efficient, transparent and accountable local finance management system geared towards achieving sustainable economic and social development goals.

One of the innovations that will positively affect the revenues of local budgets is the provisions of the Draft Law 6490-d “On Amendments to the Tax Code of Ukraine and Certain Laws of Ukraine on Stimulation of the Establishment and Activity of Family Farming Enterprises”.

Namely, the draft law foresees the introduction of land tax payment for forest land. That is, local budgets have the opportunity to get additional resources through taxation of forest lands.

Besides, the draft law stipulates that enrollment of personal income tax for leased land plots should be carried out at the place of location of such leased land.

Another innovation, planned by the Ministry of Finance, is the enrollment of 5% of the rental fee for the use of mineral resources aimed at extraction of minerals of national significance from 1 January 2019.

Starting from 2019, all local budgets should use the programme-targeted method without exception.

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

  • Yanina Kazyuk, financial decentralisation coordinator
  • Victor Ventsel, financial monitoring expert
  • Ihor Herasymchuk, financial monitoring expert

The full version is available in Ukrainian – please click HERE

09.08.2018 - 12:02 | Views: 18717
Ministry of Finance specified main parameters for 2019 local budgets

Tags:

budget budget analytics Ya.Kazyuk

Source:

Share the news:

Read more:
Fc235a58beb6d210e6584a476da4fd7d

15 February 2019

Changes brought by decentralisation in...

Kindergartens, gyms, sports grounds and roads are the directions of work of the Radyvylivska AH. In 2016, 17...

C7d1eb4825518b3c879d4a8fdc6dd83c

15 February 2019

Regional Project Management Centres to be...

The Ministry of Regional Development, Construction, Housing and Communal Services of Ukraine, the Embassy of the...

9c9dba0745d8b0efeff32d5cebce18ec

14 February 2019

Better life is created not in Kyiv, but in...

The first elections in the Trostyanetska amalgamated hromada of the Sumy Oblast took place in October 2017. Three...