Business news from Ukraine

CABINET DISTRIBUTES EXTRA UAH 3.5 BLN TO LOCAL BUDGETS FOR ROADS

4 November , 2021  

The Cabinet of Ministers of Ukraine has allocated additional UAH 3.5 billion to local budgets for highways; this is about an additional amount of subventions from the national budget for public roads of local importance, streets and roads of communal property in settlements.
The relevant decision was made at the Wednesday government meeting.
According to the draft decision, based on the analysis of the rate of receipt of funds from the sources of the formation of the public road fund, it is expected that as of November 23, 2021, the overfulfillment of the annual revenue plan of the public road fund will be UAH 3.5 billion, and on December 31, 2021 it will be UAH 5.8 billion. In this regard, it is proposed to allocate an additional UAH 3.5 billion to finance the construction, reconstruction, repair and maintenance of public highways of local importance, streets and communal property roads in 2021 at the expense of a special fund.

,