Verkhovna Rada has passed the draft law 3038 in the first reading

01/11/16

Draft Law on amendments to the Budget Code of Ukraine (on organizing incomes and use of funds from royalty payments for the subsoil use to produce oil, natural gas, and gas condensate) (draft of MP O. Belkova sent in on 09.09.2015, sent in by the Committee on 19.02.2016) was passed as a basis in the first reading! Votes for – 268.

Draft law 3038 assigns 5% of royalty, equivalent of estimated ₴2 billion, as an additional income to the local budgets.

Source: https://goo.gl/5fzvxM

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