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Cabinet promises to raise 2008 State budget Agrarian-Industrial Complex financing
12.06.2008 10:47 "Agro Perspectiva" (Kyiv) —
Cabinet is going to raise Agrarian-Industrial Complex financing while bringing changes to 2008 State budget, reported Premier Yuliya Tymoshenko on XXth International Exhibition Fair AGRO-2008 ceremonial opening. “This is especially urgent now, when Cabinet pursues tough monetary policy to assure inflation struggle and agrarians are obliged to get credits at higher rates,” declared Tymoshenko. She made it known within 2008 Agrarian-Industrial Complex budgetary support will, taking into consideration concessional taxation regime, total UAH21.6 milliard (incl.UAH5 milliard – to be assured at cost of VAT zero rate retaining). “We will persistently assert this norm,” admitted Premier. As earlier reported, changes to 2008 State budget will be brought within Jun second half. It is to be admitted, Government is going to enhance 2008 State budget expenditures by US$20 milliard; however, Presidential Secretariat believes Government should raise budget expenditures by 30-40 milliard.
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