Introduction of financial papers is voluntary and temporary norm, official says

The bill on amendments to the budget concerning financial bill of exchange today will be again submitted to the Verkhovna Rada, head of the Parliament’s committee on taxation and customs policy Vitaly Khomutynnik said on Parliament’s sidelines, ForUm correspondent reports.

Commenting on the findings of opposition MPs about hazards of the bill, he stressed that the introduction of financial bills is not dangerous for taxpayers.

"It's safe. No one is obliged to take financial bills of exchange. This financial instrument is available if desired. If not, then the debt (the VAT refund - Ed.) will exist and the state will pay it, when there are sufficient funds," the head of the relevant committee said.

According to Khomutynnik, introduction of financial paper is a temporary norm. "This rule will run until the end of the year. Statements of threats are speculation," he concluded.