Addition of Revenues to Local Budgets Totalled 49.6% in the Course of January through August

49.6% - such is the addition of revenues to local budgets in the course of January through August, in comparison with the previous year indicators. It was said so by Vice-Prime Minister - Minister of Regional Development, Construction and Housing and Communal Services of Ukraine Hennadii Zubko during his working trip to Donetsk Oblast (Region).

He informed that, during the period of January through August, the general fund of local budgets received (net of transfers) UAH 92.3 billion.  That is the budget decentralisation as implemented in practice. Those are the funds that the communities currently allocate for the development of infrastructure, construction and renovation of kindergartens and schools, hospitals, roads, etc. Those are real projects and real resources through which the communities solve their problems. That is the evidence of effectiveness and irreversibility of the decentralisation", emphasised Hennadii Zubko.

The information regarding the performance of local budgets in terms of revenues in 2016, as prepared by the Ministry of Finance, is available HERE

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