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Ukrainian President Petro Poroshenko has enacted a law on the introduction of medium-term budget planning, according to the Verkhovna Rada's website.
The law extends the deadline for the submission of budgetary policy guidelines by the Finance Ministry from April 1 to June 1. The law will allow the country to shift to medium-term budget planning already in 2017, i.e. Ukraine will be able to form its budget and make forecasts for the next three years.
Read alsoPoroshenko simplifies registration procedure for IDPsThe point is that the use of relevant macroeconomic indicators will enable the government to issue forecasts that will be more accurate.