Interfax: Future Ukrainian government must adopt plan of country restoration for 2015-2017 by December 15 – draft coalition agreement

KYIV. Oct 29 (Interfax) – The Ukrainian Cabinet of ministers to be formed after the establishment of a parliamentary coalition in the 8th Verkhovna Rada will have to draw up and adopt a plan for the restoration of the country by December 15, 2014, says a draft coalition agreement published on the Petro Poroshenko Bloc’s website on Wednesday morning.

“The Ukrainian Cabinet of ministers must prepare a plan for the country’s restoration in 2015-2017 and endorse it by December 15, 2014,” the document says.

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.