Kyiv City Council approved the Budget Regulations, which determine the procedure for adopting the capital’s main estimate.
The corresponding draft decision was backed by 83 out of 88 deputies of the Kyiv City Council.
Thus, the deputies made changes to the Kyiv City Council Regulations, namely they excluded from it an article providing for consideration and adoption of the budget and a program of socio-economic development, but supplemented with a clause on Budgetary Regulations that defines a new procedure for drafting, reviewing, approving, implementing and reporting on budget of Kyiv and the program of socio-economic development of the city.
According to the decision, the executive body of the Kyiv City Council (KCSA) must submit to the Kyiv City Council a capital budget forecast for the next summer period.
Draft decisions on the main estimate of the capital and the program of social and economic development should be submitted to the city council no later than November 12. City Council should approve these documents until December 25.
As The Journalist reported, Finance Ministry sends Budget Declaration for 2020-2022 for approval to Ukraine’s Cabinet.
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