In 2015, the Government of Ukraine has allocated a UAH100-million subvention for funding schools for children and young people. Starting next year, they should be financed at the expense of local budgets, which due to fiscal decentralization have already a third more revenue than last year. Prime Minister of Ukraine Arseniy Yatsenyuk stated this during a meeting of the organizing committee on preparation for the 2016 Summer Olympic Games in Rio de Janeiro on Tuesday, May 26.

The Prime Minister recalled that as a result of amendments to the Budget Code and fiscal decentralization "local budgets possess plus 35% of revenues on their accounts."

"Beginning from 2016, schools for children and young people are to be financed by local budgets in full," the Prime Minister underlined.

"That’s the reason why we changed the budget legislation – in order to send money that local communities get not to repairs of offices of district or regional administrations but to finance particularly youth and children sports school," he noted.

Arseniy Yatsenyuk also said that a decision on exemption or setting the property tax on a particular object, including sports, is "also the prerogative of the local council."

However, the Head of Government stressed that he considered wrong a decision to levy a tax on sports facilities.

The PM instructed Youth and Sports Minister of Ukraine Ihor Zhdanov to hold a telephone conference with heads of regional state administrations, including on the issue of funding of children’s and youth sports school, "Olympic base is a superstructure. A base lies in children’s and youth sports schools, in high school. It is formed directly in the regions. That is why the leaders of RSA and DSA, those people who are responsible for regional development - must be responsible for the formation of reserve for future Olympic victories. "

"It cannot be only from the Olympics to the Olympics. This should be a daily work. They have the money, thus the main thing is to have the desire," Arseniy Yatsenyuk said.