VR Tries to Overcome President Veto on Financing of Euro-2012
OREANDA-NEWS. Overcoming by the Verkhovna Rada during its special session on August 21 of a veto of the President on changes to the State Budget for 2009 will give chance to direct UAH 9.8 billion for financing of gearing-up to Euro-2012. The Prime Minister Yulia Tymoshenko stated during the briefing.
“We think we cannot idle away one more day with solving the issue of financing of Euro-2012,” the Head of Government stressed.
According to Yulia Tymoshenko, UAH 9 billion 800 million will be sent to building of stadiums, airports, roads, hotels and the whole infrastructure which ensures holding of Euro-2012 and will assist to the building branch to demonstrate better showings in the end of year.
However, the Prime Minister emphasized these funds are not emissive, it is profit of the National Bank received from refinancing of commercial banks and it has to get to the State Budget as it is envisaged by the legislation.
“Everything said about emission, that is allegedly to be done in order to follow this law, is an absolute lie, it is counterpropaganda against normal, sound work of the budget, the Government and, in fact, against financing of Euro-2012 program,” Yulia Tymoshenko underlined.
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