Yanukovych gave a green light to reduce excise duty on fuel

President of Ukraine Victor Yanukovich signed the Law of Ukraine "On amending the Law of Ukraine" On State Budget of Ukraine for 2011 ". This was reported in the press service of the State. Law in connection with the growth of world oil prices to stabilize prices of petroleum products provided to reduce the temporary three-month rates of excise tax on motor gasoline - at 50 euros for 1000 kg (from 182 to 132 euros) and for diesel fuel - at 30 euros for 1000 kg (90, 69, 62, 42 to 60, 39, 32, 12 euros). Specified will result in a decrease in revenues into a special fund of the state budget the excise tax on manufactured in Ukraine excisable goods (products) to 658.0 mln. and excise tax on imported into the customs territory of Ukraine of excisable goods (products) - 391.1 mln. Since these revenues are a source of filling the Road Fund, in order to prevent disruption of the planned volume of road works is planned to increase spending Ukravtodor the general fund of 1 billion USD. by increasing the income tax on value added produced in Ukraine of goods (works, services). The law proposed for the redistribution of budget allocations amounting to 2,7 billion UAH. by reducing consumption spending on the program "repayment of loans obtained under the guarantee of the Cabinet of Ministers of Ukraine on the development of a network of public roads and increased costs of the program" network development and maintenance of public roads "and" subventions from the state budget local budgets for construction, renovation, repair and maintenance of streets and roads of communal property in the settlements. " In order to obtain better citizens ambulance in the law provides for expenditure of $ 100 mln. to ensure fuel stations (offices) emergency medical care by providing additional subsidies to regional budgets.