The Cabinet resolved to keep the budget in foreign currency

Кабмин разрешил хранить бюджетные средства в валюте

In Ukraine are allowed to keep budget money in foreign currency

Until that time, keep the budget money allowed only in local currency.

The Cabinet of Ministers at a meeting on Thursday, January 11, was allowed to place temporarily free budgetary funds of the single Treasury account in Deposit accounts in foreign currency. This writes Interfax-Ukraine.

In the expert conclusion to the document States that such a solution will allow more efficient use of budgetary funds taking into account the predicted need in foreign currency, the balance of payments, budget deficit, a situation with external debt service and minimizing the risks of exchange rate fluctuations.

Until that time, keep the budget funds were allowed only in local currency.

We will remind, earlier the Cabinet has approved the Pension Fund budget for 2018.

 

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