draft laws

№2742/2743 Draft law on amendments to the Budget Code of Ukraine on capacity building of the National Bank of Ukraine

The aim of a draft law

The draft law is intended to exclude the provisions of the Budget Code of Ukraine which weaken the financial independence of the central bank and do not meet commitments of Ukraine under the Memorandum of Economic and Financial Policies.

Recently there has developed a negative practice whereby each year the laws of Ukraine on State Budget of Ukraine obligate the National Bank to transfer to the state budget a sum determined by law, the amount of funds that have not yet received, but are only included in the estimates of anticipated income and expenditures of the National Bank of Ukraine as forecasted data on the budget balance. The financial independence of the central bank is determined by the adequacy of its financial resources needed to perform its functions, the right to form its own estimates, the implementation of relevant programs, and the payment of high salaries to its employees.

Date of registration
27.04.2015
Стан проходження
Прийнято в цілому

ПІДТРИМАНО РПР

Draft law page on Verkhovna rada website