The Cabinet of Ministers has increased the cost of road development to 116 billion hryvnias

Photo: GARDEN in Poltava region

The Cabinet of Ministers has increased by 5 billion hryvnias the expenditures of the general fund of the state budget for the development of the road network of state importance. After that, the total cost of roads amounted to UAH 116.25 billion, which is UAH 1 billion more than in 2020.

Relevant changes were adopted by Government Resolution №891, which amended the State Targeted Economic Program for the Development of Public Roads of State Importance for 2018-2022.

In February 2021, the State Program provided for road expenditures of UAH 75.25 billion, of which UAH 46.56 billion from the state road fund, UAH 0.25 billion from the general fund of the state budget, UAH 4.41 billion from international financial organizations, and others sources UAH 24.03 billion.

The total expenditures were then planned at UAH 75.25 billion, which was less than the expenditures in the previous year.

In the future, the State Program was amended several more times, which added costs in various areas. In particular, the costs of the road fund were increased to UAH 82.56 billion.

The latest changes provide for an increase in expenditures from the general fund of the state budget by exactly UAH 5 billion. Now the total cost of roads in 2021 exceeds last year’s total and amounted to 116.25 billion UAH.

It is noted that UAH 116.25 billion for roads is one tenth of all revenues of the state budget of Ukraine for 2021, or 9% of all state budget expenditures.

(c)INDUSTRIAL PORTAL UKRAINE 2021

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