Rada supports budget bill in first reading

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Rada supports budget bill in first reading

As reported by the parliamentary correspondent for Censor.NET, 260 lawmakers cast their votes for the bill.

The Cabinet of Ministers of Ukraine proposed the Verkhovna Rada to adopt the state budget for 2018 with revenues amounting to 877 billion hryvnia (about $32.5 billion) and 948.1 billion hryvnia in expenditures.

The bill envisages monthly subsistence rate at 1,700 hryvnia from Jan. 1, 2018; 1,777 hryvnia from July 1; 1,853 hryvnia from Dec. 1.

Read more: Defense Ministry asking for additional 100 million on security of Armed Forces' ammunition depots

The general government deficit is expected to be about 77.9 billion hryvnia.

The gross government debt was set at 1.999 trillion hryvnia. The draft state budget-2018 was based on the expected exchange rate of 30.1 hryvnia to $1 by the end of 2018.

Read more: State budget draft bill for 2018 published on Rada website, - Speaker Parubii