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Dear colleagues,

From November, 2008 the Institute for Economic Research and Policy Consulting has changed the policy regarding the dissemination of the IER regular publications. From this date onwards the full version of publications will be available to subscribers only. Please contact Alina Dolya, , for subscription details. Prices are posted here.

Ukraine's civil servants are entitled to free of charge subscription to the IER regular publications. If you are a civil servant and want to receive the IER regular publications, please contact Viktoria Zhovtenko, , so that we add your contact information to our database.

Special subscription terms are also applied to the Partners of the Institute. For further details please contact Alina Dolya, .

Sincerely yours,
Executive Board of the Institute for Economic Research and Policy Consulting

Draft State Budget Law ? 2007: Change of policy direction

• Macroeconomic forecast, on which the draft budget for 2007 is grounded, is rather realistic.
• The plan of central fiscal revenues for 2007 contains numerous changes to the tax legislation.
• There is a high probability of underexecution of planned privatization receipts in 2007.
• The Draft Budget foresees restrictions and limitations of social payments.
• Part of development expenditures, the amount of which increased as compared to 2006, has doubtful economic grounding.

Draft State Budget Law ? 2007: Change of policy direction