Business news from Ukraine

DNIPROPETROVSK REGION BOASTS BUDGET REVENUE – GOVERNOR REZNYCHENKO

6 April , 2016  

DNIPROPETROVSK. April 6 (Interfax-Ukraine) – The revenue of regional and local budgets in Dnipropetrovsk region has amounted to UAH 3.4 billion since the beginning of the year, which is 23.4% up on the target, Dnipropetrovsk Regional Governor Valentyn Reznychenko said.

“In the three months, the region has managed to outstrip the target by UAH 640 million. Additional funds will be spent on local residents’ needs, namely on roads, water pipelines, hospitals, kindergartens, schools. Our task is to keep the pace of budget revenue excess,” Reznychenko told reporters in Tuesday.

The region’s consolidated budget consists of the regional budget, which is adopted by the regional council, and budgets of the towns, districts and territorial communities.

In particular, the revenue of the regional budget exceeded the target by UAH 44 million, and the revenue in the three months totaled about UAH 677 million. The revenue of the budget of the towns in the region exceeded UAH 2.2 billion, which was UAH 419 million up on the target.

January through March 2016, Dnipropetrovsk region’s districts posted revenue at over UAH 330 million, which was UAH 111 million up on the planned figure. The merged territorial communities managed to double their proceeds compared to the plans: the total income of 15 communities exceeded UAH 144 million.

“The overfulfillment of the budget’s plans is the result of joint work with tax authorities. [These are] legal jobs, transparent payments for land and timely payment of excise duties,” Reznychenko said.