OREANDA-NEWS. On July 10, 2008 President Victor Yushchenko forwarded to the Verkhovna Rada a draft law on introduction of alterations to 2008 budget, reported the Official website www.president.gov.ua.

According to President Yushchenko’s opinion the draft law on alterations to the budget that had been submitted to the Parliament by the Government few days ago contained a number of faults, namely:

Inflation rates until the end of the year, as calculated by the Government, were 15,9 percent, despite the fact that inflation has reached 15,5 percent in last six months.

Budgetary funding of some important branches of economy, suggested by the Government, was insufficient and did not correspond with relevant decisions of the NSDC and President’s Decrees.

The alterations, proposed by President in his draft law, lack the abovementioned faults. Beside the fact that they include funds for building affordable accommodation, enhancing army’s combat readiness, increasing education quality, preservation of natural resources, the proposed alterations are also aimed at reestablishing continuous growth of the economy and fighting inflation.