Kiev city Council adopted the city budget for 2018 with revenue and expenditure parts of 49.1 billion. According to the press service of the KSCA, the adoption of the draft decision as a whole voted 94 deputies at the minimum required 61.
“The revenue part of the budget of Kyiv for the next year about 49.1 billion. Priority remains the unchanged basic tax rates and improving administration in certain areas. The basic receipts in the budget will take place at the expense of land rent, income tax, single tax, profit tax and excise duty,” – said the press service.
Current expenditure budget 2018 will amount to UAH 38.8 billion, capital – UAH 10.3 bn.
“Most funds in the next year the city authorities plan to direct the education of Kiev. The industry offered to Finance a 13.6 billion. 9.1 billion UAH is planned to direct for health care and 8.7 billion UAH on social protection of citizens. If you compare the budget in 2018, we see that costs have risen significantly. Education funding increased by 28%, medicine – 19% social security 18%”, – said the head of the constant Commission of city Council concerning the budget Andrei Wanderers.
5.8 billion UAH in the city budget for construction. Transport infrastructure will allocate about UAH 5 billion, the housing sector will receive UAH 2.1 billion, almost 1 billion UAH – culture and half – sports. Another 50 million UAH laid on the development of Cycling infrastructure in the capital.