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News / 17 January 2014 | 16:22
President signs law on state budget for 2014

President signs law on state budget for 2014

President of Ukraine Viktor Yanukovych signed the Law № 719 -VII “On the State Budget of Ukraine for 2014", ForUm learned from the President’s press service.

According to the Annex 1, the state budget revenues for 2014 are provided in the amount of 392 billion 404 million 327.7 thousand UAH, including revenues of the general fund in the amount of 347 billion 515 million 815 thousand UAH and special fund revenues amounting to 44 billion 888 million 512.7 thousand UAH.

State budget expenditures for 2014 are provided in the amount of 447 billion 294 million 687.9 thousand UAH, including expenses of the general fund budget  amounting to 401 billion 113 million 217 thousand UAH and expenses of the special fund amounting to 46 billion 181 million 470.9 thousand UAH.

The maximum volume of the budget deficit for 2014 is provided in the amount of 59 billion 547 million 235 thousand UAH, including limiting size of the general fund deficit amounting to 53 billion 548 million 652.3 thousand UAH and the maximum size of a special fund deficit in the amount of 5 billion 998 million 582.7 thousand UAH, in accordance with Annex 2 to this Act. 

State Budget 2014 provides for an income tax reduction from 19% to 18%.

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