Government has approved draft laws providing for stable funding of regional development projects, - Zubko

MinRegion has elaborated draft laws aimed at increasing the competitiveness of regions, simplifying the access to resources of the State Fund for Regional Development, accelerating and ensuring stable funding of regional development projects, commented Hennadii Zubko, Vice Prime Minister – Minister of Regional Development, Construction, Housing and Communal Services, on the governmental approval of the draft laws “On Amendments to the Law on the Principles of State Regional Policy” and “On Amendments to the Budget Code of Ukraine on Improving the Mechanism of Regional Development Funding”. According to the official, these draft laws have to be approved by the Verkhovna Rada simultaneously.

According to the Vice Prime Minister, the first document empowers the Government to determine the priorities of funding programmes and projects that can be implemented at the expense of the State Fund for Regional Development, as well as proportions of direction of the Fund’s financial resources. Besides, the document clarifies the powers of the state authorities in the regions regarding the competitive selection of investment programmes and regional development projects. According to Mr Zubko, implementation of the draft law will ensure stable and affordable funding of projects during their implementation.

According to the official, the second draft law stipulates that priorities of funding of the respective programmes and projects are determined by the Cabinet of Ministers for a term up to three years. Zubko said that financial resources of the SFRD will be used, in particular, to fund projects aimed at reducing interregional socio-economic disproportions.

“The document envisages that distribution of additional 20% of the SFRD’s finances should be extended not only to regions with the gross regional product per capita of less than 75% of the average in Ukraine, but also to depressed territories of other regions,” said the official.

He noted the importance of innovation envisaged in the draft document that concerns harmonisation of the terms of competitive selection in the regions and submission of relevant proposals to MinRegion with the budget process.

According to Hennadii Zubko, the project envisages formation of the SFRD in the amount of 10% of the corporate income tax in a special fund of the state budget. “It will ensure a stable and guaranteed formation of the SFRD, and will save the funds, not used until the end of the year, for the next year,” he said.

20.12.2017 - 12:45 | Views: 1327
Government has approved draft laws providing for stable funding of regional development projects, - Zubko

Tags:

rehionalnyi rozvytok DFRR H.Zubko

Source:

Прес-служба Віце-прем’єр-міністра України

Share the news:

Read more:
5b0ea27f070f65d1c735e4b8c7e3cb81

19 January 2018

Government has approved amendments to...

The Cabinet of Ministers has approved amendments to the Perspective Plan for the Formation of Territories of the...

69492e38c328bfe5f81a5193e2797f8c

19 January 2018

10 AHs will hold elections of starostas in...

At the beginning of 2018, a number of first elections of starostas of the villages and rural settlements of...

071e7e5429a165c4798f4d569212f4c3

19 January 2018

Salt from Soledarska hromada to be sold to Europe

On 18 January, the State Enterprise “Artemsil” in Soledarska AH launched two new production lines for cleaning and...