OREANDA-NEWS. September 16, 2011. For the first time in the State Budget 2012 is provided about 5% of GDP or more than 75 bln. UAH of investment spending. This was announced by the Prime Minister Mykola Azarov at a meeting of the Cabinet of Ministers, representing the major initiatives of the State Budget for 2012.

"For the first time for the investment costs consolidated budget goes about 5 % of GDP or over 75 bln. UAH of direct fiscal incentives for investment and credit support to the real economy," informed the Prime Minister. Thus he has added that 17.3 billion UAH is provided for financing of innovative-investment programs of development of regions.

"To the purpose of innovation development are allocated unprecedented resources. The core here is a newly approved program of our domestic production until 2015, included in the program of social and economic development of Ukraine till 2014," he noted.