In January-May Ukraine’s local budget revenues increased to UAH 89.7 billion, up by 24.1% YoY, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko posted on his Facebook page.
“In January-May local budget revenues increased to UAH 89.7 billion. The growth in revenues against the corresponding period last year amounted to 24.1% or UAH 17.39 billion,” reads the report.
The growth of local budgets was observed in all regions of Ukraine: from UAH 180 million in Chernivtsi region to UAH 1.9 billion in Dnipropetrovsk region. The budget of the city of Kyiv grew by UAH 2.8 billion.
According to Zubko, the highest growth rates of revenues, against the corresponding period last year, were recorded in Poltava (+30.4%), Donetsk (+28%), Sumy (+27.9%) and Ternopil (+27%) regions.
Ukraine’s local budget revenues in 2017 made up UAH 192 billion. (Ukrinform/Business World Magazine)