he Ukrainian government, which will be created after the formation of a coalition in the new Verkhovna Rada, should prepare and adopt by Dec. 15, 2014 a plan of Ukraine's recovery for the next few years.
“The Cabinet of Ministers should prepare and approve by Dec. 15, 2014, the plan of the country’s recovery 2015-2017,” reads a draft coalition agreement, published on the Web site of the Block of Petro Poroshenko on Oct. 29 morning.
The Verkhovna Rada will have to endorse a budget declaration, i.e. key avenues of the economic and budget policy drawn up by the Cabinet, by July. If the Verkhovna Rada passes a bill increasing the budget’s expenditures contrary to the Cabinet’s position on the matter, the Cabinet will have to resign and the coalition will have to form a new government or terminate its existence.
“If the Cabinet of ministers of Ukraine cannot clear the key macroeconomic indicators and national budget indicators (general revenues, expenditures, deficit and general expenditures on the main budget holders) in discussing a budget declaration with the coalition, the Cabinet of ministers of Ukraine must resign and the coalition must form a new Cabinet of ministers of Ukraine,” the draft coalition agreement says.
If the parliament passes a budget declaration, the coalition will not be able to revise the key macroeconomic indicators and national budget indicators (general revenues, expenditures, deficit and general expenditures on the main budget holders) in considering a draft budget at the first reading.
“During the work at the Verkhovna Rada’s sector committees, the coalition members will ensure the adoption of draft amendments to budget programs only within the limits of the general volume of expenditures on the main budget holders,” the draft document says.
