Support of housing construction was increased by decentralization.
In 2016, when the state budget is 24 million UAH. the increase of the authorized capital of State Fund of youth housing assistance, housing programs that implements the Fund managed to attract UAH 237 million.
First Deputy Chairman of the organization Sergey Room noted that the specified performance was achieved by increasing the powers of local authorities, in the framework of decentralization and the effective use of funds authorized capital of the Fund.
“These indicators have been achieved, primarily through the introduction of financial decentralization, allowing the funding of programmes from local budgets increased by 78% compared to the previous year, also thanks to the establishment of a revolving resource Fund due to the use of the authorised capital. One can only imagine what the economic effect can be achieved in the case of increasing the funding of programs to 2 billion UAH. as it was stated the budget requests of the Fund” – said Room.
© 2017, z-news.link. All rights reserved.