OREANDA-NEWS. August 21, 2012. Based on first six months 2012, local budgets have fulfilled target indicators for incomes accounted for in calculating interbudget transfers, by 102.0%. UAH 0.6 billion has been the revenue in excess of the plan.

Local budgets’ revenue of this kind has totally been UAH 30.7 billion. In relation to last year’s similar period revenue, this year’s exceeding is 15.2%, given that the Ministry of Finance schedule was 13.5%.

Also, 9 regions and the Autonomous Republic of Crimea have exceeded average countrywide targets, in particular, Crimea AR’s indicator is 111.7%, Kyiv Region – 109.7%, Kirovograd Region – 105.2%, and Vinnytsia Region – 104.6%.

Budget innovations of integral and consistent nature have enabled to enhance local finances, including those due to transferring the state budget revenue to local budgets’ revenue accounted for in establishing interbudget transfers (within the first six months 2012, local budgets have been granted UAH 1,187.7 million of such revenue additionally).

That local budgets have enhanced their revenue sources, they were replenished by about UAH 1,715.4 million more within first six months 2012.

Also, to improve local budgets’ investing opportunities, they have significantly extended development budget revenue sources by valuing the single tax (first six months 2012 – UAH 1,922.0 million).

Proceeds of the Public Regional Development Fund are transferred to local budgets in full to this January-June assignations – UAH 402.0 million.