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: 17277
Ministry of Finance specified main parameters for 2019 local budgets

Tags:

budget budget analytics Ya.Kazyuk

Source:

Share the news:

Read more:
C07a112443bb4890b22c6948ead906cb

13 December 2018

What can Bukovyna hromadas surprise with?

About 80% of the population of the Mamalyhivska AH are ethnic Moldovans, and in the Ostrytska AH there is only one...

1f6837345566c3db6dc9594f7e7b88c9

13 December 2018

Final conference of the Contest “Best practices...

On 18 December 2018 at the Club of the Cabinet of Ministers of Ukraine in Kyiv the Final conference of the Contest...

C6ab268ce4b66e59a94e57a1ed3b1711

13 December 2018

Modern motor grader acquired at the expense of...

To form the infrastructure of the Shatska amalgamated hromada in 2018, a sum of more than UAH 2.6 million was...