Local funds are now used more effectively, - Hennadii Zubko

In 2017, the efficiency of funds’ usage by local government increased, and the amount of unused local funds declined. This conclusion gives us a comparison of the growth indicators of local budgets and balances on treasury accounts of local budgets by the results of the year, informed Hennadii Zubko, Vice Prime Minister – Minister of Regional Development, Construction, Housing and Communal Services.

“In 2017, the local budget revenues amounted to UAH 192 billion and increased by UAH 45.4 billion, that is 31% more compared to 2016. Financial decentralisation increases local budgets every year. Thus, in 2014 they amounted to UAH 70.2 billion, in 2015 – to UAH 99.8 billion, in 2016 – to UAH 146.6 billion, and in 2017 – to already UAH 192 billion,” he wrote.

The growth of local budgets influences the annual increase of the balances on treasury accounts of local self-government. Thus, as of 1 January 2015 they made up UAH 24 billion, as of 1 January 2016 – UAH 35.2 billion, and as of 1 January 2017 – UAH 47.7 billion. As of 1 January 2018, the balances amounted to UAH 53.9 billion. Therefore, it means that the amount of funds not used from local budgets remains high enough.

“Having received the powers and resources, the local self-government should increasingly focus on the implementation of quality projects in its hromadas, learn financial discipline, that is to value the resource and use it effectively in the interests of hromadas, and therefore, take responsibility. This is the main result of decentralisation,” said Hennadii Zubko.

04.01.2018 - 11:11 | Views: 10565
Local funds are now used more effectively, - Hennadii Zubko

Tags:

budget H.Zubko

Source:

Прес-служба Віце-прем’єр-міністра України

Share the news:

Коментарі:

To add comment you should be authorized or sign_in
Read more:

23 October 2021

4 листопада пройде форум «Безпечна громада»

4 листопада пройде форум «Безпечна громада»

За ініціативи Міністерства внутрішніх справ, у партнерстві з Конгресом місцевих і регіональних влад, всеукраїнськими...

23 October 2021

The 2021 – 2022 Cultural Leader Academy study and training programme – applications can be filed

The 2021 – 2022 Cultural Leader Academy study...

The Ministry of Culture and Information Policy of Ukraine jointly with Goethe-Institut in Ukraine announces an open...

23 October 2021

Cherkasy oblast starosta districts will have been restructured by the end of October

Cherkasy oblast starosta districts will have...

On August, 1, 2021, amendments in terms of starosta activity and starosta districts formation came into force....

22 October 2021

USAID HOVERLA announces the grants for Expression of Interest “Participatory Budgeting”  

USAID HOVERLA announces the grants for...

DAI Global LLC under USAID Governance and Local Accountability (HOVERLA) Activity, Contract No. 72012121C00001, is...

22 October 2021

On joining the organized cooperation and bill №5742

On joining the organized cooperation and bill...

Oleksandr Vrublevskyi, an expert on starosta activity and municipality cooperation, dedicates the material to the...