Resources are used efficiently on the ground, claims Hennadii Zubko
In 2017, the effectiveness
of using funds by local
government increased, and the amount
of unused funds on the
ground diminished. This conclusion gives us a comparison
of the growth
rates of local budgets and
balances on treasury accounts of the local
governments on the outcomes of
the year. Vice Prime Minister,
Minister of Regional Development, Construction, Housing and Communal Services
of Ukraine Hennadii Zubko wrote on Facebook
page.
"In 2017, local
budget revenues amounted to UAH 192 billion and increased
by UAH 45.4 billion that is 31% higher
as compared with 2016. Financial decentralization is increasing year by year. Thus,
in 2014 revenues made up a sum
worth 70.2 billion UAH, in 2015 - 99.8 billion UAH, 2016
- 146, 6 billion UAH, and in 2017 - already 192 billion UAH", the Vice Prime Minister
underscored.
Local governments, having
received authority and funding, should
stay focused on the implementation
of ambitious projects in its
amalgamated communitie as well as on
financial discipline, that is, to
ensure the efficient use of
resources in the interests of
its communities, and thus to
take responsibility. This is the
critical result of decentralization," Hennadii Zubko emphasized.