President of Ukraine Petro Poroshenko has signed a law increasing the 2017 state budget's projected revenues by UAH 39.6 billion to UAH 770.9 billion and its projected expenditures by UAH 40.9 billion to UAH 841.1 billion.
The presidential press service announced this in a statement, Ukrainian News Agency reports.
"President of Ukraine Petro Poroshenko has signed the law On amendments to the law of Ukraine on the state budget of Ukraine for 2017," reads the statement.
The law increases the state budget's projected revenues from UAH 731.031 billion to UAH 770.967 billion.
The projected revenues of the general fund of the state budget will increase from UAH 673.7 billion to UAH 701.7 billion and the projected revenues of its special fund from UAH 57.3 billion to UAH 69.2 billion.
The law provides for increasing the projected expenditures of the state budget from UAH 800.126 billion to UAH 841.102 billion.
The projected expenditures of the general fund of the state budget will increase from UAH 739.7 billion to UAH 767.7 billion and the projected expenditures of the special fund from UAH 60.4 billion to UAH 73.4 billion
The limit on the state budget's deficit remains unchanged at UAH 77.647 billion.
The limit on the national debt will be increased from UAH 1,716.7 trillion to UAH 1,823.7 trillion in connection with the re-capitalization of PrivatBank.
The presidential press service says in its statement that the increase in the revenues of the state budget is a result of fruitful fight against corruption in Ukraine and the return of USD 1 billion to the budget by the Prosecutor General's Office.
The statement reads that the additional revenues will be spent for vulnerable strata of the population, for construction of roads in regions, medical services in rural areas, and for additional financing of the defense and security sector.
"A big part of additional money will be used for construction of an ammunition factory... Another direction of financing is provision of supplies of several kinds of weapons, including Stronghold tanks, to the Ukrainian army," reads the statement.
President Petro Poroshenko says Ukraine is ready to manufacture new missiles as they have successfully passed testing.
As Ukrainian News Agency earlier reported, the parliament adopted the law on the state budget for 2017 in December 2016.
The document provided for projected revenues of UAH 721,398.426 million and projected expenditures of UAH 790,393.530 million.
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