Verkhovna Rada Chairman Volodymyr Rybak has returned the draft state budget for 2014 to the Cabinet of Ministers.
"Today I returned the budget to the government," he said at a meeting of the conciliatory council of the heads of parliamentary factions and committees in Kyiv on Monday. He said that the government had sent a letter to him with a request to finalize the draft state budget. "They sent a letter because there were a lot of additional questions. On the one hand, we have a whole number of laws that need to be adopted to form the revenue side of the budget," he said. Rybak said that this week the government would finalize the draft budget for next year. "The government will still work this week, and on Friday it will report to us on the implementation of the budget for 2013 and the principles of the formation [of the state budget] for 2014," he said. As reported, the government tabled a bill on the state budget for 2014 in parliament on Saturday, September 14. However, the text of the bill and other supporting documents are not available on the Web site of the Verkhovna Rada. First Deputy Head of Ukraine's Presidential Administration Iryna Akimova said on September 11 that the Cabinet of Ministers of Ukraine had approved the draft state budget for 2014 with a deficit of 2.7%, GDP growth of 3% and inflation of 8%. "The estimated amount of the deficit was proposed at 2.7%, while GDP growth was at 3%, and December-to-December inflation was projected at about 8%," she said. Akimova noted that these figures correspond to the projected figures given by international organizations. "I think that the decisions made at a Cabinet of Ministers meeting today [on September 11] will unlikely change. These are tough and fundamental things, figures may change within the distribution - first and foremost the expenditure figures," she said. Akimova noted that other macroeconomic figures were currently being discussed at the level of the concerned ministries. "The amount of public debt was also named, and it's an even littler lower than this year, at 32.5%," she said. Svoboda MP Ihor Shvaika, in turn, said that UAH 17 billion as proceeds from privatization was envisaged in the state budget for next year. Under the law, the Cabinet of Ministers tables in parliament a draft state budget for next year no later than September 15.