The budget for 2018 is adopted
271 deputies of Verkhovna Rada of Ukraine voted for the budget 2018.
Such data was provided by AgroPolit.com
The government plans to share the money allocated for the development of agricultural sector as follows:
1) It is planned to allocate 2 billion UAH for the subsidies from the budget;
2) It is planned to allocate 1 billion UAH for the support and development of farms;
3) It is planned to allocate 2.3 billion UAH to support livestock production;
4) It is also planes to allocate about 1 billion UAH to reduce the price of agricultural machinery of domestic production.
In total, the government provided for the support of agricultural industry in the next year 6.3 billion UAH.
Adoption of the budget for 2018: an important step for economic development
The adoption of the budget for 2018 is an important event for the country’s economy. The budget plan plays a key role in financial planning and prioritization of public spending and investment.
The new budget takes into account various aspects, including social programs, infrastructure projects, defense spending and support for economic growth. It contributes to the stability and sustainability of the economy, and also creates a favorable environment for business development and investment attraction.
The adoption of the budget for 2018 allows the state to plan its financial resources, determine priorities and effectively allocate funds to achieve national goals. This contributes to the development of various sectors of the economy, the creation of new jobs and the improvement of the living standards of the population.
The budget process requires careful analysis and consideration of economic, social and political factors. Transparency, good governance and responsible spending are the key principles of successful budget planning that contribute to the sustainable economic development and prosperity of the country.