The draft national budget for 2018 introduced for the second reading in the Verkhovna Rada does not foresee the allocation of funds as direct subsidies to agrarian, designed to compensate their losses from the abolition of the special VAT regime, according to the draft law on the 2018 budget posted on the website of Ukraine's parliament.
Ukrainian President Petro Poroshenko has signed changes in the Law on Amendments to the State Budget for 2017, which provides for an increase in the cost of benefits and subsidies to the population to help vulnerable categories pay utility bills, as well as other social efforts, according to the presidential press service.
Over UAH 3.49 billion, or US$132 million, in subsidies from the national budget was paid to Ukrainian households to compensate housing and utilities costs in January-October 2017, which was 8.7% up year-over-year (y-o-y), according to the Ukrainian State Statistics Service.
Over UAH 2.8 billion, or US$107 million, in subsidies was paid to Ukrainians from the national budget to compensate housing and utilities costs in January-August 2017, which was 22.3% up year-over-year (y-o-y), according to the Ukrainian State Statistics Service.
Transparent subsidy system should create a motivation for saving and improving energy consumption, Ukrainian President Petro Poroshenko said, speaking at the Kyiv Polytechnic Institute.
Ukraine's Cabinet of Ministers plans to increase financial support of agrarians from the national budget's general fund to UAH 8 billion, or nearly US$308 million, by 2020 from UAH 5.5 billion, or US$212 million, this year.
The State Treasury of Ukraine has paid farmers UAH 241.8 million subsidies for March under the program of direct government support to the domestic agricultural sector, accounting for UAH 4 billion in 2017, the press service of the Ministry of Agrarian Policy and Food of Ukraine reported with reference to the head of the ministry Taras Kutoviy.
Ukraine's Cabinet of Ministers at today's meeting approved monetization of subsidy savings, which will affect approximately 1.5 million Ukrainian households, according to Ukraine's Prime Minister Volodymyr Groysman.
Some UAH 2.065 billion, or US$77.2 million, in subsidies was paid to Ukrainians from the national budget to compensate housing and utilities costs in January-March 2017 (Q1 2017), which was 12.7% up year-over-year (y-o-y), according to the Ukrainian State Statistics Service.