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From January 1, Ukraine introduced the monetization of subsidies

С 1 января в Украине вводится монетизация субсидийFrom January 1, introduces the first stage of monetization of subsidies on the level of service providers.

The decision on introduction in Ukraine monetization of subsidies from 1 January 2018 was made by the government at the initiative of the Ministry of Finance.

In particular, the Ministry of Finance has developed a comprehensive approach to reform of the settlement system of subsidies, which will consist of three stages: the monetization of calculations on subsidies at the level of enterprises-providers of services to the implementation of the monetization of subsidies at the household level (the creation of necessary infrastructure, the creation of a unified registry and database of subsidianes and their verification, etc.) and monetization of subsidies at the household level.

The Cabinet of Ministers adopted a decision on the introduction of the first phase of the monetization of subsidies from 1 January 2018.

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According to the government, the purpose of these changes is the transition to transparent and timely payments “live” money on subsidies between the state and providers.

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