Minister of Ukraine Arseniy Yatsenyuk
has instructed to develop amendments to the Budget Code in order to establish a
fair approach in financing beneficiary regions. He stated this at a board
meeting of the Ministry of Finance on Monday, 27 July.
recalled that the Finance Ministry proposes to allocate a subsidy worth UAH2
billion from the central budget to 51 local budgets, "Why don’t regional
councils with an additional resource back their local communities? Why don’t
regional budgets allocate money to the beneficiary regions?"
Minister has emphasized the need to change the approach in financing the
beneficiary regions, "The central budget does not give 100% but 50% of the
funding for the beneficiary regions while the regional budget also gives 50%.
We are to follow this fair way in solving problems in the beneficiary
Arseniy Yatsenyuk has appealed to the Ministry of Finance to
consult with the Budget Committee of the Verkhovna Rada of Ukraine and prepare appropriate amendments to the
Budget Code till September.