In Vinnytsia oblast the following year, local governments will receive more opportunities for development
according to the Chairman of Vinnytsia regional state administration Valery Cow in the next 2017 to the State regional development Fund pledged 8 billion UAH, which is 2.7 times more than this year. Plus 1 billion UAH will be the subsidy for the formation of the infrastructure of the United territorial communities. Overall, the official noted, the financial resources of local budgets will amount to 395,1 billion, or 17.6% more than this year. "The first time the government has adopted a medium-term public planning of the state Budget. The main budget parameters for the next three years with forecast of gradual growth and economic recovery" - says Valery Cow. The budget process becomes open. The government is ready to publicly and in advance to discuss promising budget plans and budget expenditures and medium term planning gives the "green light" to investors for implementation of projects in Ukraine, sets transparent and clear "rules of the game". The government forecast of budget revenues was checked and confirmed by independent experts and representatives of civil society. According to Valery Cows, the revenue forecast is realistic and reflects how much income will really be able to provide next year's economy. And honestly calculated the Budget will allow for the first time in the history of the country to stop the vicious practice of the tax pressure on businesses through the inflated plans and to cease to print money to Finance excessive spending. "The Budget deficit next year will amount to 3% of GDP against 3.7% of GDP planned for the current year ("lighthouse" of the IMF – 3.1% of GDP). The consolidated budget's revenues will increase by 127.9 billion UAH, or 17%. Next year from privatization it is planned to receive UAH 17 bn. Revenue from SOEs is expected to grow by 60%", - predicts the head of the regional state administration. And this in turn means that will increase the expenditure part of the state Budget without raising taxes and increasing the budget deficit. This was reported in the Vinnytsia regional state administrationÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
