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State budget increases environmental works financing

Posted by the Editor on January 30, 2014


News / 30 January 2014 | 16:20

State budget increases environmental works financing

State budget increases environmental works financing

The State Budget of Ukraine 2014 pays a lot of attention to the environment protection. The subject public spending will be increased by 1.3 billion UAH and will reach 6.9 billion UAH, which is up 23.4% from 2013. In 2014, the State Fund for Environmental Protection is going to receive 3.5 billion UAH as opposed to 1.5 billion UAH last year, Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
The Ministry of Finance points out that the environmental component is more specific and result-oriented in 2014. Among spending on environmental programs, 1.2 billion UAH will be allocated to target projects for ecological upgrade of enterprises and making them more environmentally friendly.
In 2014, projects on target environmental “green” investments will be ongoing with funds received from sales of shares of the assigned amounts of greenhouse gas. Companies which emit greenhouse gas into the atmosphere will pay to the state budget the fees consistent with the harmful emissions. According to experts, this motivates businesses to reduce harmful emissions and it also draws additional funds to the budget for the environmental protection activities.
Additional 324 million UAH are envisaged to resolve the issue of water supply.  Of this amount, 100 million UAH will be used to pay for electricity bills for operation of water-reclamation complex. The budget envisages 44 million UAH to implement targeted programs to ensure cost of filling water reservoirs and other water bodies of the Autonomous Republic of Crimea.

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