Ukraine’s local financial plan estimates turnover to hit USD...| MENAFN.COM

Friday, 20 May 2022 07:51 GMT

Ukraine’s local financial plan estimates turnover to hit USD15B


(MENAFN) Proceeds of domestic budgets during this year are expected to reach USD15.391 billion, with a rise of USD3.065 billion against the past year.

Deputy Minister of Communities and Territories Development of Ukraine Vyacheslav Nehoda mentioned at the presentation on the assessment of financial management in 25 societies, “If we talk about the state support, which is currently stipulated in the state budget, then we project about UAH 437 billion in revenues of local budgets in 2022, showing an increase of UAH 87 billion compared to the previous year. One of the reasons is a 4 percent increase in personal income tax,” wrote Ukrinform reporter.

As Nehoda mentions, the country’s financial plan for the present year requires over USD4.615 billion for the growth of territories and community infrastructure.

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