Business news from Ukraine

Business news from Ukraine

STATE BUDGET FOR 2016 FORESEES UAH 5.9 BLN FOR INVESTMENT PROJECTS IN REGIONS – ZUBKO

28 December , 2015  

KYIV. Dec 28 (Interfax-Ukraine) – The general fund of the national budget for 2016 foresees UAH 3 billion for the State Fund for Regional Development and UAH 1.94 billion for the socio-economic development of the regions of Ukraine.

These data were voiced by the Ministry of Regional Development, Construction, Housing and Utilities Services, with reference to Vice Prime Minister, Regional Development Minister Hennadiy Zubko.

“As a result, this totals UAH 4.94 billion, which is more than the amount provided previously, namely UAH 4.64 billion. But the main thing is subventions to support the infrastructure projects of united territorial communities in the amount of UAH 1 billion,” Zubko said.

According to him, these funds will be spent on supporting united territorial communities, as well as developing infrastructure and administrative centers in the communities next year.

In addition, the national budget for 2016 foresees the following subventions for 159 territorial communities: educational subventions will amount to UAH 1.6 billion, health care to UAH 844 million, basic subventions to UAH 284.9 million, Zubko added.