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 2017 budget to include at least 45B hryvnia in utility subsidies, - Deputy PM Rozenko

The 2017 State Budget of Ukraine will provide for at least 45 billion hryvnia (approx. $1.8 billion) in public subsidies to help low-income households pay for utility services.

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.

Read more: Minimum pension to rise by 10 percent in December, - Deputy Prime Minister Rozenko

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.

Read more: Additional 160 billion hryvnia required to keep utility rates at present level, Social Policy Minister says

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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