Ukraine is planning to raise additional Hr 6 billion from the privatization of state objects in the current year to fund the social initiatives of the president of Ukraine.
According to First Deputy Minister of Economic Development and Trade of Ukraine Vadym Kopylov, this sum is not final and the process of agreement is still ongoing.
"We plan to get at least around Hr 6 billion from privatization. I stress. We are working on this," he said.
In addition, according to Kopylov, a source for additional funding of the president’s social initiatives will be revenues of UAH 7 billion or UAH 7.5 billion from customs procedures. Some Hr 2.5 billion is expected to come from tax payments.
"The government and the Verkhovna Rada will decide whether it will be Hr 16.5 billion or not Hr 16.5 billion," Kopylov said, asked whether the final revenues from privatization are expected to reach Hr 16.5 billion, taking into account the Hr 10 billion privation plan foreseen in the national budget.
As reported, at an enlarged meeting of the Cabinet of Ministers on March 7 dedicated to the government’s new social initiatives, Ukrainian President Viktor Yanukovych instructed the government to increase by at least Hr 100 the pensions of nine million retirees who retired before 2008, ensure the payment in June through December 2012 of up to Hr 1,000 to each of the six million depositors of the former Soviet Sberbank as compensation for depreciated deposits, conduct from April 2012 a re-calculation of insurance benefits to people who became disabled as a result of industrial accidents, take steps to intensify the affordable housing program, introduce a European approach to the regulation of prices for medicines, and take a number of other measures.
