Authorization

Revenues to local budgets increased by 50% since the beginning of the year

Revenues to local budgets increased by 50% since the beginning of the yearRevenues in January-August of the current year, excluding transfers, amounted to UAH92.3bln.

Receipts in local budgets general fund in January-August of the current year, excluding transfers, amounted to UAH 92.3bln that is by 49.6% or by UAH30.6bln more than in the same period last year (in comparable conditions and excluding areas not controlled by the Ukrainian authorities).

Receipts for 8 months amounted to 88.4% of annual revenues, approved by local councils, according to the Minister of Finance website.

It is also reported that as of September 1, local budgets received UAH120.7bln of intergovernmental transfers, representing 98.3% of the planned volume for this period.

Last year UAH 99.8bln went to the local budgets general fund, excluding transfers.
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