OREANDA-NEWS. January 21, 2013. The Government will initiate making amendments to item 3 of the Order and conditions of granting subventions from the state budget to the local budgets with an aim to implement investment programs (projects). A respective resolution elaborated by the Ministry of Economic Development was approved by the Cabinet of Ministers of Ukraine.

The resolution targets first of all bringing of the Order and conditions of granting subventions to compliance with article 105 of the Budget Code of Ukraine “Subventions for implementation of investment programs (projects)”.

The Order changes conditions of co-financing of investment projects from the local budgets. In particular, the amount of co-financing is determined in percents from the amount of envisaged to the local budget subventions from the state budget, therefore earlier it was determined from incomes into the budget directed to the development of the local budget.