The national budget of Ukraine for 2021 foresees UAH 81.3 billion for the development of road infrastructure, according to the presentation of the document prepared by the Ministry of Finance and posted on the website of the Cabinet of Ministers.
Out of the indicated UAH 81.3 billion for the development of road infrastructure, UAH 66.4 billion will be financed from the Road Fund. In particular, UAH 31 billion will be used for the development and maintenance of highways of state importance, UAH 18.1 billion for the construction, reconstruction and maintenance of local roads (subvention).
Another UAH 14.8 billion are foreseen for the fulfillment of debt obligations on borrowings under state guarantees for the development of the road network. Also, UAH 2.5 billion in the 2021 state budget has been allocated to ensure road safety.
The development of the road network is also expected at the expense of funds for the implementation of state investment projects in the amount of UAH 250 million, funds of international financial organizations in the amount of UAH 4.6 billion and through borrowing under state guarantees in the amount of UAH 10 billion.
At the same time, the resources of local budgets for the development of municipal roads and streets of united territorial communities (due to excise tax on fuel) is estimated at UAH 8.05 billion.
The draft budget of Kyiv for 2021 provides for an increase in the revenue part by 1.3% in comparison with the expected implementation of the budget for 2020, to UAH 59.2 billion, expenses are planned at the level of UAH 56.6 billion, the press service of Kyiv City State Administration has said.
According to the report, the draft budget provides for the allocation of more than UAH 10 billion for infrastructure development, including UAH 3.4 billion for construction and reconstruction. Another UAH 1.5 billion was allocated for the municipal improvement sector.
“Due to this resource, it is planned to continue the construction of the metro line to the Vynohradar residential area, the Podilsky bridge crossing, the technical re-equipment of the Energia plant, the construction and reconstruction of preschool and educational institutions,” the director of the administration’s finance department, Volodymyr Repik, said.
According to him, spending on education accounts for 43% of the total forecast amount – UAH 24.1 billion, which is UAH 3.2 billion more than in 2020. In addition, the wage fund for teachers will amount to UAH 2.6 billion. In general, the wage fund for workers in the public and municipal sectors will increase by 26.3%.
The draft document also provides for the allocation of UAH 4.5 billion for social protection and security.
In addition, the budget provides for the repayment of UAH 2.7 billion of internal and external loans of the city.
In November 2020, Donbasenergo PJSC transferred UAH 113.1 million of taxes and other mandatory payments to the state and local budgets, which is 3.2% (UAH 3.7 million) less than in November 2019.
According to the company’s press release, UAH 103.2 million of payments were transferred to the state and local budgets. Donbasenergo also paid UAH 9.9 million of excise tax, which is 3.2% from each UAH 1/kWh of electricity generated.
Electricity generation by the Slovianska TPP in November amounted to 327.948 kWh, in January-November – 2.9 million kWh, and supply – 296.282 kWh and 2.5 million kWh, respectively.
Consultations on the national budget for 2021 will begin next week, head of the Servant of the People faction David Arakhamia has stated.
“Regarding the budget – in a working order, everything is fine, as it was previously agreed. Next week, consultations will begin. And I think that we will go to the vote next week,” he told reporters on Saturday after a joint meeting of the leadership of the parliament and the government and the faction leaders.
“At the same time, when asked when the issue of considering the state budget may appear on the agenda of the Verkhovna Rada, the politician said that “it may even appear before Friday.”
As reported, on November 5, the Verkhovna Rada supported, with a delay of two weeks from the schedule laid down in the Budget Code, government bill No. 4000 on the national budget of Ukraine for 2021 at first reading, having adopted budgetary conclusions and recommending that the government take them into account when preparing the document for the second reading and increase revenues by UAH 20.2 billion.
The Cabinet of Ministers of Ukraine has reduced the deficit in the draft national budget for 2021 from 6% to 5.5% of GDP, Prime Minister Denys Shmyhal has said.
“An opportunity has been found to reduce the budget deficit to GDP from 6%, as proposed at first reading, to 5.5%,” he said at an extraordinary government meeting on Thursday.
Thus, the deficit was reduced by UAH 24 billion, to UAH 246.35 billion.
In the initial draft, state budget revenues were determined at the level of UAH 1.071 trillion, expenses – UAH 1.331 trillion. The new wording of the bill provides for UAH 1.092 trillion in revenues and UAH 1.328 trillion in expenses.
As reported, the state budget for 2020 provides for a deficit of 7.5% of GDP.
The National Bank of Ukraine (NBU) expects an actual budget deficit in 2020 at the level of 6-6.5% of GDP instead of the 7.5% foreseen in the forecast, Deputy Governor of the NBU Dmytro Sologub has said.
“This year’s budget deficit is set at 7.5% of GDP. This is absolutely correct from the countercyclical point of view. But, apparently, the actual deficit will be lower… We estimate that the budget deficit will be around 6 -6.5% of GDP,” he said in an interview with Interfax-Ukraine.
According to him, the budget deficit fell below the forecast due to the strong underfunding of existing expenses. “Catching up on them in recent months will not be easy given the funding opportunities,” he said.
