Local budgets see almost UAH 39 bln increase in revenue

Revenue of the general funds of Ukraine's local budgets, excluding transfers, in January-October of 2016 amounted to UAH 117.3 billion, which was 49.1%, or UAH 38.6 billion, more that in the same period last year (in comparable conditions), according to Ukraine's Finance Ministry.

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In its estimates, the ministry excluded territories beyond government control.

The amount of revenue received in the past 10 months accounted for 96.5% of the annual volumes, according to the budgets approved by local councils, the ministry said.

Read alsoAssets of operating banks in Ukraine grow by over UAH 6 bln monthlyAs of November 1, the local budgets received UAH 150.6 billion in intergovernmental disbursements, accounting for 97.2% of target volumes for this period.

As UNIAN reported earlier, last year, this indicator was estimated at UAH 99.8 billion.

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