26.03.2018

The procedure for using budget funds for the development of the coal industry

On February 7, 2018, the Cabinet of Ministers of Ukraine adopted a decision "On Approving the Procedure for Using Funds Provided in the State Budget to Implement Measures to Ensure Domestic Production of Coal Products and Further Reforming the Public Sector of the Coal Industry."

The procedure determines the mechanism for using the funds provided for in the state budget under the program "Implementation of Measures to Ensure Domestic Production of Coal Products and Further Reforming the Public Sector of the Coal Industry".

Budget funds will be used, in particular, to ensure domestic production of marketable goods by paying labor and making mandatory payments related to the payment of wages, including the payment of wage arrears.

The Ministry of Energy and Coal Industry of Ukraine (hereinafter - Energy Ministry) is the main administrator of budgetary funds and the responsible executor of the budget program.

The Ministry of Energy will transfer budget funds to coal-mining enterprises (state-owned enterprises or coal mining companies, 100 percent of whose shares are state-owned) into separate accounts opened with the Treasury bodies, indicating the directions for their use, including in payment orders[1].




[1] https://www.kmu.gov.ua/ua/npas/pro-zatverdzhennya-poryadku-vikoristannya-koshtiv-peredbachenih-u-derzhavnomu-byudzheti-dlya-zdijsnennya-zahodiv-iz-zabezpechennya-vitchiznyanogo-virobnictva-vugilnoyi-produkciyi-ta-podalshogo-reformuvannya-derzhavnogo-sektoru-vugilnoyi-promislovosti