The experts presented the results of financial decentralisation monitoring and results of assessment of the financial capacity of amalgamated hromadas (AH) in 2017 to MPs.

This data, developed by the experts of the Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and SKL International), was considered on 14 March at the meeting of the Verkhovna Rada Committee on State Building, Regional Policy and Local Self-Government.

Yanina Kazyuk, financial decentralisation coordinator of the Central Reform Office under MinRegion, informed that from 2014 to 2017 own revenues of local budgets of Ukraine increased by UAH 124 billion. In 2018, the growth trend is also maintained. And the total amount of financial resources in disposal of local self-government bodies for the first time exceeded half of the consolidated budget of Ukraine in 2017 and amounted to 51.2%.

Yanina Kazyuk also emphasised that the dynamics of revenues to the budgets of AHs is ahead of the revenue growth rate at other levels of local budgets. Receipt of own revenues of local budgets of 366 AHs in 2017 grew by 87% and amounted to UAH 9.3 billion (+UAH 4.3 billion). And the growth rate of own revenues of 159 AHs, which received the enrollment of 60% of the PIT to their budgets already in 2016, is +34.2% (+UAH 1.1 billion), which is almost 3% higher than the average in Ukraine. The surplus of PIT revenue amounted to 41.2%, which is 1.9% more, than in total over Ukraine.

The financial capacity of local budgets is evidenced by the balances of funds in the amount of UAH 55.7 billion on the accounts as of 1 January 2018 (details – HERE).

Besides, the experts presented an assessment of the financial capacity of 366 AHs (REVIEW) as a result of 2017 – separately for each oblast and amalgamated hromada.

The full version is available in Ukrainian – please click HERE