The Verkhovna Rada of Ukraine adopted the State Budget of Ukraine for 2016. It was supported by 263 MPs.
Before the vote, Prime Minister of Ukraine Arseniy Yatsenyuk stressed that several years ago the tax on salary, single social contribution (SSC) had been a burden on business, the employee and the employer. Now, he emphasized, the SSC will be cut twofold - from 41% to 22%.
"Anyone hardly believed that our fiscal decentralization, which was widely criticized, including by the Parliament members, would provide an opportunity to increase the revenues of local budgets by 40%. And this is the money to be spent on hospitals, on schools, on infrastructure", accentuated Arseniy Yatsenyuk.
"We have finally reached understanding in the issues of both collection and reimbursement of value added tax. We have adopted the new system of VAT administration and a new public system of reimbursement of the value added tax. And it's your and our joint achievement", he stressed.
Arseniy Yatsenyuk emphasized that the Government supports "all the proposals of parliamentary factions designed to ensure economic stabilization of the country." In particular, he noted, to finance the activities of the MFA the planned amount worth UAH 200 million is added with UAH 124 million.
Also, on the proposal of the Radical Party, the Government takes a decision on the establishment of an export credit agency, the founder of which should be Ukreximbank.
In addition, at the suggestion of MPs there is planned to allocate UAH 400 million for the State Emergency Service and the program to provide mammographers will be restored.
Arseniy Yatsenyuk reminded that this year social standards had grown by 13% for pensioners and by 19% for the public sector. The following year, there has been planned 12% increase of social standards.
"I am well aware that we will continue work not only on this budget but on all the reforms, in tax, health care and education sectors. We proceed with the work all together step by step. Throughout 22 months none believed that the country would make progress. I remain optimistic that we are capable to carry out reforms, we are capable to achieve the result, if we are united. Unity is the key for Ukraine to be successful and a strong Ukrainian state in the European family," Arseniy Yatsenyuk stressed.