You're reading: Cabinet preparing for budget losses if deputies adopt Tax Code

Ukraine's government is accumulating resources to make up for possible temporary revenues losses to the state budget after the new Tax Come comes into force, Ukrainian Prime Minister Mykola Azarov has said.

"We will cover any temporary losses of the budget [after the code takes effect] with the resources we are currently accumulating," he said while opening the government’s meeting in Kyiv on Wednesday.

Azarov repeatedly said that the new Tax Code envisages the reduction of taxes and fees.

The premier ordered members of the government to start actively discussing the draft code and preparing its presentation in the parliament.