As reported by Censor.NET citing UNIAN, Deputy Prime Minister Pavlo Rozenko announced it after a Cabinet meeting on Wednesday.
"The sum that will be allocated [in the 2017 budget - ed.] will be at least 45 billion hryvnia," he said.
As previously reported, the Social Policy Ministry predicts that the number of Ukrainian households that will need subsidies for housing and utilities during the 2016-2017 heating season will grow to 8-9 million from 5.5 million, after a flat price of natural gas was set for all types of consumers on May 1, 2016.
The Finance Ministry reported that 43 percent of utility bills were covered by subsidies in 2015. Last year's budget allocated 35 billion hryvnia in subsidies, while in 2016 the expenditures are likely to go beyond 40 billion hryvnia (approx. $1.6 billion).
The Finance Ministry predicts that this amount may grow to 70-80 billion hryvnia (approx. $2.8-3.2 billion) in 2017.
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