Russian diplomat accuses White Helmets of supporting terrorismRussian Politics & Diplomacy April 27, 17:54
Putin's spokesman warns against attempts to hold unauthorized rallies in MoscowRussian Politics & Diplomacy April 27, 16:43
Russian Foreign Ministry says situation on Korean Peninsula is degradingRussian Politics & Diplomacy April 27, 16:42
Moscow outraged by Macron team’s refusal to give accreditation to Russian mediaRussian Politics & Diplomacy April 27, 16:41
Moscow condemns Israeli airstrike near Damascus airportRussian Politics & Diplomacy April 27, 16:30
Kremlin believes political resolve will eventually produce Russia-Japan peace dealRussian Politics & Diplomacy April 27, 16:21
Kremlin rejects reports of St. Petersburg iconic cathedral transfer approved by presidentRussian Politics & Diplomacy April 27, 16:15
Kremlin warns against actions that may fan tensions over SyriaRussian Politics & Diplomacy April 27, 16:13
Russia’s next-generation strategic bomber to perform debut flight by 2025Military & Defense April 27, 15:17
KIEV, March 27 /ITAR-TASS/. Ukraine’s Verkhovna Rada (parliament) on Thursday, March 27, passed a law that cuts budget revenues by 5.67 percent to 372.9 billion hryvnias (34.94 billion U.S. dollars at the current exchange rate) and expenditures by 5.5 percent to 436.7 billion hryvnias (40.92 billion U.S. dollars).
The budget deficit cap was lowered by 4.19 percent to 68.9 billion hryvnias (6.43 billion U.S. dollars) and the state debt ceiling raised by 13.41 percent to 664.009 billion hryvnias (62.22 billion U.S. dollars of GDP).
The law also freezes any raise in the subsistence level and minimum wage, which will remain at the current level of 1,176,000 hryvnia (110.19 U.S. dollars) and 1,218,000 hryvnias (114.13 U.S. dollars) a month, respectively.
The law authorises personnel cuts in the central government and local state administrations by at least 10 percent.
Parliament-appointed Prime Minister Arseny Yatsenyuk said the number of government officials would be cut by 24,249.
The government said GDP might shrink by 3 percent from 2013 and inflation might reach 12-14 percent.
The parliament also passed, on second try, a draft law on the prevention of a financial catastrophe and creation of prerequisites for economic growth in Ukraine.
It was passed by 246 votes. In their first attempt, the MPs fell short of the required 226 votes, with only 189 having supported the bill.
The draft law raises alcohol and tobacco excise taxes by 30-39 percent, and beer excises by 40 percent.