“On December 19, the Verkhovna Rada adopted in the first reading draft law No. 12245, which amends the Budget Code regarding the procedure for the allocation of investment projects.”, — write: epravda.com.ua
On December 19, the Verkhovna Rada adopted in the first reading draft law No. 12245, which amends the Budget Code regarding the procedure for the allocation of investment projects. This was announced by the head of the budget committee, Roksolana Pidlas, and the People’s Deputy from “Holos” Yaroslav Zheleznyak. This document is one of the key beacons of Ukraine’s cooperation with the IMF. “A general fund of public investments is being created conditionally, which will be distributed by the “Strategic Investment Council in the Government”, Zheleznyak said. Advertising: The new fund will include expenditures for the road fund, the radioactive waste management fund, the water management development fund, the decarbonization and energy-efficient transformation fund, inland waterways fund, as well as a number of subventions. “The reform provides for the concentration of resources on priority projects, the introduction of medium-term expenditure planning, the transparent selection of projects according to uniform criteria, and the elimination of political influence on the allocation of funds. A single portfolio of investment projects for donors will be created, and the decision-making process and the results of their implementation will be available online,” – said Podlasa. Zhezezniak reminded that a similar mechanism was already used in the 2024 budget. Initially, a single program for UAH 37 billion was formed, which went to the first reading of the budget. Subsequently, the government redistributed these funds according to defined criteria for submission to the second reading. Now, this approach will be legislated in the Budget Code. Advertisement: We will remind: on December 18, the Verkhovna Rada adopted draft law No. 6227 in its entirety on the national program for the development of the mineral and raw material base of Ukraine for the period up to 2030.