REUTERS
The Ministry of Finance of Ukraine will not initiate changes to the tax legislation ahead of the adoption of the 2018 state budget, Finance Minister Oleksandr Danyliuk told Hromadske TV.
"We’ve looked into it and we see there is no such need," Danyliuk said.
“Maybe it will be necessary to change the indexing of some rates, which is done annually, but we do not see any need at this stage. Such need may arise, but we’re not talking about any drastic changes," the minister said.
According to Danyliuk, confidence in future is important for businesses but this would be impossible to achieve given constant changes in the rules of the game.
Also, Danilyuk noted that the budget, as in the past year, will be submitted to the Verkhovna Rada on time, September 15.
Read alsoInflation to grow beyond forecast range: Financial Stability CouncilAs UNIAN reported, in July the Ministry of Finance started its work on the draft 2018 budget based on the medium-term budget resolution for 2018-2020 with the forecast GDP growth rates of 3%, 3.6%, and 4%.
The resolution provides for reducing the state budget deficit to 2% from 3% of GDP until 2020, state debt - to 55% of GDP from 66.8% of GDP, and is based on the condition that the International Monetary Fund's lending program is fully implemented.