The Prime Minister of Ukraine Denis Shmygal announced in his telegram channel, that at a meeting on November 26, the Cabinet of Ministers approved the revised draft State Budget-2021 for the second reading in the Verkhovna Rada.
The revised draft State Budget-2021 provides for revenues in the amount of UAH 1 trillion 92 billion. Expenditures – in the amount of UAH 1 trillion 328 billion.
According to the Prime Minister, it was also possible to reduce the deficit in relation to GDP from 6% to 5.5% (in the 2020 budget the deficit was at 7.5%). “That is, for 2021 we offer a balanced budget, which does not provide for an increase in taxes for business and at the same time improves funding for both the social sphere and medicine, provides support to entrepreneurs affected by the pandemic,” the statement said.