ORDER OF THE MINISTRY OF FINANCE OF UKRAINE, STATE TREASURY OF UKRAINE

of November 25, 2008 No. 495

About approval of the Instruction for application of economic classification of expenses of the budget and Instruction for application of classification of crediting of the budget

According to the Budget code of Ukraine, Regulations on the State Treasury of Ukraine approved by the resolution of the Cabinet of Ministers of Ukraine of 21.12.2005 of N 1232, the order of the Ministry of Finance of Ukraine of 27.12.2001 N 604 "About budget classification and its implementation" (with changes) I ORDER:

1. Approve the Instruction for application of economic classification of expenses of the budget and the Instruction for application of classification of crediting of the budget which are attached.

2. To the director of the department of methodology of servicing of budgets, financial accounting and reporting Sushko N. I. and to the director of Legal department Zinevich O. L. provide submission of this order on state registration in the Ministry of Justice of Ukraine.

3. This order becomes effective from 01.01.2010.

4. To the director of the department of methodology of servicing of budgets, financial accounting and reporting Sushko N. I. finish requirements of this order note and for management in work to Committee of the Verkhovna Rada of Ukraine concerning the budget, to the Ministry of Finance of Ukraine, Audit Chamber, local financial bodies, bodies of the State Treasury, the main managers of means of the government budget.

5. To the main managers of budgetary funds to bring this order to permission of subordinate organizations, and to bodies of the State Treasury - to organizations which are serviced by them.

6. To impose control over the implementation of this order on vice-chairmen of the State Treasury of Ukraine according to distribution of obligations.

Approved by the Order of the State Treasury of Ukraine of November 25, 2008 No. 495

Instruction for application of economic classification of expenses of the budget

This Instruction is developed on accomplishment of the Budget code of Ukraine, the Regulations on the State Treasury of Ukraine approved by the resolution of the Cabinet of Ministers of Ukraine of 21.12.2005 of N 1232, of the order of the Ministry of Finance of Ukraine of 27.12.2001 N 604 "About budget classification and its implementation" (with changes), and also for the purpose of unambiguous application of economic classification of expenses of the budget.

I. General provisions

1. Economic classification of expenses of the budget is intended for accurate differentiation of expenses of budgetary institutions and receivers of budgetary funds on economic signs with detailed distribution of means on their subject signs (the salary, charge, all types of economic activity, payment to the population which hereinafter are referred to as as transfers to the population, and other categories).

Economic classification of expenses of the budget provides single approach to all participants of budget process from the point of view of accomplishment of the budget.

2. Expenses on tendering process on purchase of goods, works and services (namely: expenses on development and mailing of the tender documentation, invitation to participation in procedures of purchases and preparation of meetings of tender committee on purchase of goods, works and services and so forth) are performed by the corresponding codes of economic classification of expenses of the budget depending on economic essence of payment.

3. Payment of the value added tax which is included in the price of goods, works and services is performed by that code of economic classification of expenses of the budget by which the principal payment is made.

4. Payment of the additionally accrued payments (except penalties and penalty fee) determined by regulatory authorities according to the legislation and annual interest rates from the overdue amount of the agreement is carried out by that code by which the principal payment shall be registered.

5. Expenses of receivers of budgetary funds are performed by such codes of economic classification of expenses of the budget:

Current expenses:

1171 "Research and developments, separate actions of development in implementation of the state (regional) programs";

1172 "The separate actions for implementation of the state (regional) programs which are not carried to development actions";

1310 "Subsidies and current transfers to the companies (organizations, organizations)".

Capital expenditures:

2410 "Capital transfers to the companies (organizations, organizations)".

6. In this Instruction terms and concepts are used in such value:

expenses are the state payments which are not subject to return. They are otplatny, that is performed in exchange for goods or service, or irredeemable (unilateral). The expense category does not include payments on account of repayment of public debt which are classified as financing. Expenses of the budget for economic classification are grouped in single blocks and divided on current and capital.

capital expenditures - payments for the purpose of acquisition of non-current assets (including lands, intangible assets and so forth), strategic and extraordinary inventories of goods, irredeemable payments which are transferred to receivers of budgetary funds for the purpose of acquisition, upgrade, construction, expansion, reconstruction, restoration and so forth of similar assets, compensation of the losses connected with destruction or damage of non-current assets;

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