Rada may consider 2021 National Budget next week – MP

Deputy Chairman of the Holos faction, First Deputy Chairman of the Verkhovna Rada's Committee on Finance, Tax and Customs Policy Yaroslav Zhelezniak says the consideration of the 2021 national in the first reading is tentatively scheduled for November 5.

"As for the long-delayed budget for 2021. According to my source, the meeting of the Budget Committee will be scheduled for Monday (November 2)," the lawmaker wrote on Telegram on October 29.

The official noted that tax changes introduced to the national budget would also be considered at the meeting soon.

"The 2021 budget will be voted on in the first reading on a Thursday plenary session (November 5). The only intrigue is the availability of votes. Everything is as it was. On the verge of a foul," he said.

Read alsoNBU: GDP forecast for 2020 remains unchangedZhelezniak added that another confirmation of the plans to vote the national budget in the first reading on November 5 is the task to "consider the tax part (document No. 4101-d) related to the 2021 budget at the Committee tomorrow (October 30)."

Key figures of the 2021 national budget

• A 4.6% GDP growth;
• The hryvnia's average annual rate at UAH 29.1 per U.S. dollar;
• Revenue at almost UAH 1.1 trillion (US$38.7 billion);
• Spending at UAH 1.3 trillion (US$45.8 billion); and
• Budget deficit at UAH 270 billion (US$9.5 billion)

Next year's budget: Background

On September 14, the Cabinet of Ministers approved the 2021 national budget draft.

On September 18, 2020, the Cabinet presented the draft budget at the Verkhovna Rada.

Zhelezniak earlier said that lawmakers submitted more than 2,400 amendments to the draft law on the 2021 national budget.

The meeting of the Verkhovna Rada's Budget Committee to approve the amendments was canceled on October 16.