OREANDA-NEWS. September 29, 2008. The Government will insist on Parliament’s adoption of amendments and additions to the Budget Code of Ukraine this week.

This was informed by Prime Minister of Ukraine Yulia Tymoshenko in a selector meeting with heads of regional state administrations. According to her, adoption of the mentioned amendments to the Budget Code will enable to increase expenditures of local budgets by 7.5 billion UAH.

The Head of Government has urged the governors to hold relevant consultations with people’s deputies of Ukraine and Presidential Secretariat for positive voting of this issue. At that she assured that BYT faction would unanimously support this bill in the Verkhovna Rada. “This is our common task and if we fail to introduce it into life, the local budgets will receive 7.5 billion UAH less,” Yulia Tymoshenko stressed.

Besides, the PM informed that after passing amendments to the Budget Code of Ukraine expenses of consolidated budget would be allocated among central and local budgets on the principle fifty-fifty. According to her, so it will be absolutely another quality of inter-budget relations.

Yulia Tymoshenko has also urged the Ministry of Finance of Ukraine to prevent extra fiscal load on local budgets, “to prevent that the more local budgets receive from taxes, the more takings are”.