The Government is most interested in stimulating and promoting the development of the regions because the success of the whole country depends on it. This was stated by Prime Minister Denys Shmyhal in his opening statement during a session of the Government.
Thus, the Cabinet of Ministers backed a number of decisions concerning the provision of subventions from the state budget to local budgets. In particular, the distribution of the subvention within the Emergency Credit Program for the Rehabilitation of Ukraine has been approved. According to the Prime Minister, the total volume of the program for 2021 is almost UAH 1.7 billion.
"I assure you that investing in the emergency recovery program will provide an additional impetus to improve life in the communities of the eastern regions, which have suffered the most from Russian aggression. The allocated funds should primarily be aimed at improving social infrastructure and meeting the needs of internally displaced persons," highlighted Denys Shmyhal.
In addition, the Government has approved the procedure for crediting to the budgets of local governments a certain part of the excise tax on fuel produced in Ukraine or imported into the territory of Ukraine.
"This decision was expected without exaggeration by the vast majority of local authorities because in the first 2.5 months of the year alone it is an additional 1.2 billion UAH resource for local authorities to improve roads, educational and medical institutions," said the Prime Minister.
According to the Prime Minister, the funds from the excise tax, accumulated from January 1 this year, should be distributed among community budgets within two weeks from the date of entry into force of the relevant resolution. And then 13.44% of the excise tax on fuel will automatically and uninterruptedly be transferred to the budgets, based on the volume of fuel sold in the relevant territory.
Moreover, the Government supported the decision to allocate a subvention to local budgets for the development of sports infrastructure. As Denys Shmyhal noted, this primarily concerns the creation of new and completion of old construction sites, which are designed for national and international competitions, as well as training camps for national teams.