Delivering a speech at the opening of the ninth session of the Verkhovna Rada of Ukraine of the sixth convocation and the Grand Assembly of the Parliament, president of Ukraine Viktor Yanukovych said that economic revival and innovations stabilized the State Budget. According to him, planned indices of the general fund revenue for seven months of 2011 were overfulfilled.

"I am convinced that current fiscal year will end positively, and next year we plan to strengthen this positive trend," Yanukovych said.

Yanukovych stressed that legislative amendments of 2011 paved way for the innovative changes in the budget process, thus, middle-term budget planning has been introduced.

"The next step in the improvement of budget policy was made in summer. I mean amendments to the Budget Code to strengthen administration of the public and local debts, and to enhance the role of the local authorities in the financial support of the regions to guarantee effective and balanced regional development," the President of Ukraine declared.


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