The Budget Committee of the Verkhovna Rada has supported and recommended for consideration in the second reading draft law No. 13256, which proposes amendments to the Budget Code aimed at implementing the Agreement on the Establishment of the American-Ukrainian Reconstruction Investment Fund.
This is reported by Finway
Directions for the Formation of the Special Fund for the Investment Fund
The final version of the draft law suggests that 50% of the revenues from the general fund of the state budget, as well as from the general and special funds of local budgets, should be directed to the special fund of the state budget. This pertains to payments related to the use of subsoil for the extraction of minerals, which are defined as assets of the American-Ukrainian Reconstruction Investment Fund.
Funds to be Transferred to the Special Fund:
- 50% of the rent payment for the use of subsoil for the extraction of minerals of national significance;
- 50% of the fee for issuing special permits for the use of subsoil and funds from the sale of such permits;
- 50% from the use or sale of a portion of the products that remain in state ownership according to production sharing agreements, as well as the monetary equivalent of such a portion of the products produced on the subsoil site.
Use of Funds and Further Budget Revenues
The collected revenues of the special fund will be directed towards contributions to the American-Ukrainian Reconstruction Investment Fund. At the same time, it is emphasized that all revenues received from this fund, as well as funds that will come from the Russian Federation or its representatives in the form of reparations for armed aggression against Ukraine, will be fully credited to the general fund of the state budget.
The final version of the draft law proposes to transfer 50% of the revenues from the general fund of the state budget and the general and special funds of local budgets from payments related to the use of subsoil for the extraction of minerals, defined as assets of the American-Ukrainian Investment Fund.
Consideration of the draft law in the second reading is expected at the beginning of June 2025.