Business news from Ukraine

Business news from Ukraine

GOVERNMENT DISTRIBUTES UAH 4.7 BLN FROM CONFISCATION IN 2018

17 March , 2018  

The Cabinet of Ministers of Ukraine has approved the procedure of distributing confiscated funds and funds received from the sale of property confiscated under a court decision for corrupt offenses between the authorities in 2018. “The distribution of confiscated funds in the amount of UAH 4.7 billion will be carried out by the Treasury Service weekly as soon as the funds are accumulated between the budget programs of fund managers in proportion to the figures approved in the national budget of Ukraine for 2018,” the Cabinet of Ministers said.
In particular, the distribution of funds will be made in the following proportion: the Interior Ministry will get 14.99% under the program “Creating a unified aviation security and protection system,” the Ministry of Regional Development, Construction, Housing and Utilities Services some 42.55% on the program “State Fund for Regional Development,” Ukravtodor some 17.02% under the program “Improvement of the state of road H-31 Dnipro-Tsarychanka-Kobeliaky-Reshetylivka,” 17.02% under the project “Improving the state of the Kharkiv-Okhtyrka highway” and 8.51% under the program “Improving the state of the Zhytomyr-Chernivtsi road.”