General fund of local budgets grows for fourth year in a row – Poroshenko

General fund of local budgets grows for fourth year in a row – Poroshenko

The general fund of local budgets in January-February 2018 grew by 21% from the same period in the previous year.

President Petro Poroshenko stated this in the city of Vinnytsia at the expanded governmental meeting on decentralization and regional development, an Ukrinform correspondent reports.

“In January-February 2018, the growth of the general fund of local budgets amounted to 21 % compared with the first two months in 2017," Poroshenko said.

According to him, the growth has been observed for the fourth year in a row. He noted that revenues of local budgets increased by 30% over the first two months in 2017.

Poroshenko also said that during the consideration of budget indicators, the regional development fund was increased from UAH 3 to UAH 6 billion.


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