President Poroshenko states about twofold increase in revenue of local budgets

02.08.2016 15:34 286

The revenue of local budgets in Ukraine has doubled compared with the figures in 2014, according to Ukrainian President Petro Poroshenko.

"Yesterday I spoke with representatives of the Finance Ministry - our local budgets have been over-fulfilled by 43%. This is due to the resource that we gave to local authorities under the program on decentralization, including the budget one. And respectively there was also 40% surplus over 2015 compared with 2014. I can say that [revenues of] local budgets have doubled compared with the year 2014. And I'd like that all citizens can feel that local authorities have twice as much money, that they [local authorities] do not keep them on the  accounts, deposits, but [use them] to build roads, [road and street] lighting, to grant fares (on favorable terms),” the President said at a briefing in Zhytomyr on August 2..

According to Poroshenko, local budgets can fully finance fares on favorable terms for servicemen who have ATO combat status.


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