Business news from Ukraine

STATE BUDGET FOR 2017 FORESEES 91% RISE IN FUNDING FOR FISCAL SERVICES MARKETS WATCHDOG

29 December , 2016  

KYIV. Dec 29 (Interfax-Ukraine) – Funding for the National Commission for Regulation of Financial Services Markets in the national budget of Ukraine for 2017 is determined in the amount of UAH 52.235 million, which is 90.99% more than the figure foreseen for 2016 (UAH 27.349 million).

According to the law on the national budget of Ukraine for 2017, posted on the website of the Verkhovna Rada, it is planned to allocate UAH 40 million for wages to the regulator employees, which more than two-fold exceeds expenditures for these purposes in the national budget for 2016 (UAH 19.713 million).

As reported, the national budget for 2017 was based on the forecast of a 3% rise in Ukraine’s real GDP and a 14.2% increase in nominal GDP, to UAH 2.585 billion, with inflation being 8.1%.