OREANDA-NEWS. June 21, 2011. Under the Law on the budgetary system and budgetary process, as well as the Law on local public finance, the Ministry of Finance submitted the methodological materials for elaborating and submitting to central authorities the suggestions regarding the draft law on 2012 budget as well as for elaborating drafts law on 2012 budget and forecasts for 2012-2013 by local authorities.

The local authorities’ suggestions regarding the draft law on 2012 state budget are to be submitted to the Ministry of Finance by July 20. At the same time, the schedule stipulates submission of drafts budgets of political subdivisions for 2012 and forecasts of budgets for 2013-2014 by them during July 18-July 22.