• Українською
  • Prime Minister: Due to financial decentralization the number of chronically subsidized budgets reduced by almost 25%
    posted 24 February 2017 14:59

    As a result of financial decentralization, the number of chronically Government subsidized budgets reduced by 25%, and further reduction is observed, Prime Minister of Ukraine Volodymyr Groysman announced during the conference "From creating Consolidated Communities towards sustainable growth".

    "The number of budgets that used to be chronically subsidized has cut by almost 25%. Due to these changes we achieved the growth of local budgets annually by 50% in 2015 and 2016, and in 2017 we anticipate growth by 25% more. This means that they have their local resource to invest in the quality of people’s lives", said the Head of Government.

    He noted that earlier 96% of the Ukrainian local governments' budgets had been granted subventions on constant basis, adding there were incapable to provide appropriate services.

    The reduction of subsidization of local budgets, in particular, is the result of financial decentralization, summed up the Prime Minister.