The Verkhovna Rada approved the creation of a general public investment fund: what will this change

The Verkhovna Rada adopted the draft law No. 12245 on amendments to the Budget Code regarding the procedure for the distribution of investment projects. A single public investment fund is being created, the funds of which will be distributed by the Strategic Investment Council in the government. This was reported by MP Yaroslav Zheleznyak, reports UNN.

The Rada adopted the draft law #12245 on amendments to the Budget Code regarding the procedure for the distribution of investment projects. FOR – 240

According to him, the adoption of the document is a “beacon” prescribed in the program of the International Monetary Fund.

The MP explained that according to the draft law, a conditionally general public investment fund is being created, which will be distributed by the “Strategic Investment Council in the Government”.

“That is, all expenses such as: the road fund, and the radioactive waste management fund, the water management development fund, the decarbonization and energy efficiency transformation fund, the inland waterways fund and many other subventions – everything will now be in this “fund of funds”, and then the Government will distribute them”, the MP pointed out.

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