Local budgets to reach UAH 291 bln in 2019 - Zubko

Local budgets to reach UAH 291 bln in 2019 - Zubko

441
Ukrinform
The share of local budgets in Ukraine's consolidated budget for 2019 should reach UAH 291.1 billion, Ukraine's Deputy Prime Minister and Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko has said. 

He said this at the opening of a two-day investment conference for communities "Strategic Development and Investments" in Kyiv on Monday, an Ukrinform correspondent reports.

"The growth of local budgets is exactly the powers that were transferred in 2014 and 2015. Their share is 52% in the new budget, it was not the case before [...] We see the prospect, and it is quite realistic - UAH 291 billion for 2019. We should close the year 2018 at a level of UAH 230 billion," Zubko said.

He stressed that the transfer of powers to the regions requires that local authorities understand the development of their community, create a respective strategy and attract investors to implement projects in strategic areas.

The event is organized by the United States Agency for International Development (USAID), Decentralization Offering Better Results and Efficiency (DOBRE) Program in partnership with the Program partner - the Ukrainian Crisis Media Center.

The conference brought together over 350 participants, including representatives of 75 community participants of the Program, representatives of business and investment funds, implementers of international technical assistance projects, central and regional authorities.

op


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-