Kyiv to obtain Hr 4.2 billion subvention from national budget in 2012

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Dec. 8, 2011, 2:30 p.m. | Ukraine — by Interfax-Ukraine
The Kyiv city budget in 2012 will obtain 50% of the tax on incomes of individuals, and the remaining 50% as this year will be sent to the national budget, Kyiv administration head Oleksandr Popov has reported. "The law did not change - 50% will go to the national budget and 50% to the local budget," he told reporters after public discussions of the Kyiv's development strategy for the period until 2025 on Wednesday.

He said that a Hr 4.2 billion subvention would be allocated from the national budget to Kyiv city.

"The subvention will be sent in early 2012. I think that over one year we'll increase it. This is the return of those removals that we have in line with Ukrainian law today," he said.

He also expressed hope that the Kyiv's budget will be passed by the end of this year.

"The consideration of the capital's budget depends on the adoption of the national budget at least at second reading," he said.

Popov said that Kyiv city administration has drawn up a draft city budget for 2012.

"We won't have to prepare the budget from scratch. We have it drawn up. We'll react at once," he said.
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