Business news from Ukraine

OVER UAH 250 MLN FROM CITY BUDGET WILL BE SPENT ON SUBWAY CONSTRUCTION IN KHARKIV

23 December , 2016  

KHARKIV. Dec 23 (Interfax-Ukraine) – Kharkiv City Council has approved the city budget for 2017, according to which it is planned to allocate UAH 250.8 million for building the third subway line from the Metrobudivelnykiv station to the Odeska station.

According to director of the budget and finance department Tetiana Taukesheva, the total revenues of the Kharkiv budget are set at UAH 10.994 billion, including own revenues in the amount of UAH 6.721 billion, transfers of UAH 4.272 billion.

“Part of the city’s financial resources is formed by the target transfers from the national budget to the budget of Kharkiv. Education (UAH 875.5 million) and medical (UAH 1.237 billion) subventions, as well as reversible grant in the amount of UAH 193 million are taken into account at the level of volume defined in the national budget for 2017,” she said.

In addition, the Kharkiv budget will receive subsidies in the amount of UAH 2.157 billion (including UAH 1.135 billion on the benefits and subsidies to the population) for implementation of state social programs.