Local budgets exceed half of Ukraine’s consolidated state budget - President

Source : 112 Ukraine

According to Petro Poroshenko, now that communities across the country have the financial resources at their disposal, they will pressure local authorities to implement real changes in Ukraine.
17:27, 5 April 2018

Ukrainian photo

The President of Ukraine Petro Poroshenko claims that under the decentralization reform, local budget account for over half of the nation’s consolidated budget.

Related: Germany to share experience for Ukraine’s decentralization reform

“For the first time ever, more than 50% of the consolidated budget of Ukraine is local budgets,” the head of the Ukrainian state announced at a decentralization meeting in Vinnytsia on 5 April, UNIAN reports.

The President of Ukraine says that once financial resources were transferred to local communities, they are now empowered to demand local government agencies to implement real changes in the nation.

Related: Groysman: Decentralization will return to Ukrainians sense of ownership of their own land

“Since half of the money is allocated by the state for local budgets, communities have the right to know what is changing in the state. There is no need to travel to Kyiv, you may demand answers from your local representatives,” Poroshenko said.

Total revenue of Ukrainian local budgets grew almost threefold from $2.64 in 2014 to $7.41 in 2017. According to government forecasts, local budget revenue is expected to rise by 20% in 2018 to $8.88.

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