Ukraine's parliament resolved to adopt 2014 state budget on January 16

The Verkhovna Rada of Ukraine has voted for a resolution prepared by head of the parliament's budget committee MP Yevhen Heller of the Party of Regions, according to which the parliament should adopt the national budget for 2014 on January 16.

According to the resolution, Ukraine's draft budget for 2014 will be submitted to the Verkhovna Rada on December 19.

Than, no later than on January 8, the Verkhovna Rada will consider the bill on the state budget for 2014, will formulate proposals to the bill and submit them to the budget committee. At the same time, the resolution states the Verkhovna Rada's budget committee will not consider the proposals that the parliament will receive after 1200 on January 8, 2013.

The Verkhovna Rada's budget committee will then have until 1000 on January 16 to formulate proposals to the bill on the 2014 state budget together with government representatives, and to submit these proposals to the parliament.

According to the resolution, the parliament should consider the bill on the state budget together with the proposals of the relevant committee and pass it at first and second reading on January 16.

At the same time, the opposition leaders said their factions would not vote for the state budget for 2014.

"We have unblocked the parliament, but we will not vote for the budget," Svoboda Faction Leader Oleh Tiahnybok told journalists in Kyiv on Thursday.

Batkivschyna Faction Leaders Arseniy Yatseniuk and UDAR Faction Leader Vitaliy Klitschko have confirmed that their factions do not intend to vote for the bill on the state budget for 2014.