ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of June 21, 2012 No. 754

About modification of the Instruction concerning application of economic classification of expenses of the budget

According to Article 8 of the Budget code of Ukraine, the Regulations on the Ministry of Finance of Ukraine approved by the Presidential decree of Ukraine of April 08, 2011 No. 446, I ORDER:

1. Make changes to the Instruction concerning application of economic classification of expenses of the budget approved by the order of the Ministry of Finance of Ukraine of March 12, 2012 No. 333, registered on March 27, 2012 for No. 456/20769, having been reworded as follows it which is applied the Ministry of Justice of Ukraine.

2. To department of the government budget of the Ministry of Finance of Ukraine (Lozitsky V. P.) and to Management of methodology on servicing of budgets, financial accounting and the reporting of the Public treasurer service of Ukraine (Sushko N. I.) provide submission of this order in accordance with the established procedure on state registration in the Ministry of Justice of Ukraine.

3. (Press service) (Kosarchuk V. P.) in ten-day time from the date of state registration of this order in the Ministry of Justice of Ukraine to provide to management of communications its promulgation on the official website of the Ministry of Finance of Ukraine on the Internet.

4. Authorize the Public treasurer service of Ukraine (Harchenko S. I.) provide explanations concerning application of economic classification of expenses of the budget and classification of crediting of the budget.

5. This order becomes effective since January 01, 2013.

6. To impose control over the implementation of this order on the First Deputy Minister of Finance of Ukraine Myarkovsky A. I. and Chairman of the Public treasurer service of Ukraine Harchenko S. I.

Approved by the Order of the Ministry of Finance of Ukraine of March 12, 2012 No. 333

(in edition of the Order of the Ministry of Finance of Ukraine of June 21, 2012 No. 754)

The instruction concerning application of economic classification of expenses of the budget

1. General provisions

1.1. Economic classification of expenses of the budget is intended for accurate differentiation of expenses of budgetary institutions and receivers of budgetary funds according to economic characteristics of transactions which are performed according to functions of the state and local self-government.

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.

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

1.3. The tax discharge on value added 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.

Transfer (payment) of income tax is performed by that code of economic classification by which payment of the income of physical person is performed.

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

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

current expenses:

2281 "Researches and developments, separate actions of development in implementation of the state (regional) programs";

2282 "The separate actions for implementation of the state (regional) programs which are not carried to development actions";

2610 "Subsidies and current transfers to the companies (organizations, organizations)";

capital expenditures:

3210 "Capital transfers to the companies (organizations, organizations)".

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

capital expenditures are expenses which go for acquisition of fixed capital (the equipment and objects of long-term use), non-current assets (including lands, intangible assets, etc.), on construction (acquisition), repair, reconstruction and restoration (including housing (rooms), other objects), on creation of the state inventories and reserves; on acquisition of capital assets; irredeemable payments, compensation of the losses connected with damage of fixed capital. Criteria (cost and hour indicators) capital expenditures are regulated by the current legislation;

capital transfers are irredeemable unilateral payments of governing bodies which do not lead to origin or repayment of financial requirements. They are provided on acquisition of capital assets, compensation of the losses connected with damage of fixed capital or increase in the capital of receivers of budgetary funds. To this category also transfer payments to the companies for covering of the losses accumulated by them for a number of years or such which resulted from force majeure join. Irredeemable, irretrievable payments which have one-time and irregular nature both for the supplier (donor), and for their receiver (beneficiary) are considered as capital transfers. Funds which are allocated from the budget as capital transfers have purpose;

current expenses are expenses which go for accomplishment of budget programs and provide the current functioning of budgetary institutions, carrying out researches, developments, actions and provision of the current transfers to the population and the companies (organizations, the organizations);

subsidies - all this irredeemable current payments to the companies which do not provide compensation in the form of specially caused payments or goods and services in exchange for the registered payments, and also the expenses connected with indemnification of the state companies;

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