According to the draft state budget for 2014, the total financing of local budgets will be increased by 15 billion hryvnias, Premier Mykola Azarov told the Cabinet opening a sitting, ForUm's correspondent reports.

"Following President's orders, the budget for the next year focuses on development of regions. Thus, total financing of local budgets will be increased by 15 billion hryvnias, including for increased salaries and payment for energy sources, as well realization of regional programs," the Premier said.

According to Azarov, 594 million hryvnias are provided for enlargement of network of preschool establishments, modernization of children sport playgrounds, educational and preschool institutions. 

"The State Fund of regional development has been increased by four times, and in general, the investment resource for social-economic development of territories will make almost 16 billion hryvnias," Azarov.

The PM also informed that government capital expenditures has been increased by two billion hryvnias. Apart from this, the budget provides for 50 billion hryvnias of sovereign guarantees to realize the state activist policy.

ForUm

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