The Cabinet has increased the plan of privatization proceeds 2.4 times

Кабмин увеличил план поступлений от приватизации в 2,4 раза

In the draft budget for 2020 second reading of the plan of revenues from privatization of state property increased from UAH 5 bn to UAH 12 bn.

This is stated in presented the second reading of the draft budget for 2020.

“The proceeds from privatization increased by 7 billion UAH, which will reduce the volume of planned borrowings,” the report says.

As reported, adopted in the first reading the draft state budget for 2020 revenues from privatization amounted to 5 billion UAH. As explained in the Ministry of Finance, this indicator is a real possibility, based on the degree of preparation of objects for sale.

According to the state budget for 2019, revenues from privatization had to be 17 billion UAH. According to the Finance Ministry, in the first three quarters of the revenues from privatization amounted to UAH 0.4 billion provided in the state budget for 2019 17.1 billion UAH.

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