The authorities will increase funding for «affordable housing» in 2012

08.06.2011 15:28
Property News | The authorities will increase funding for «affordable housing» in 2012 In 2012, a publicly-funded programs, youth and housing loans for affordable housing can be increased, said deputy chairman of the Budget Committee of Verkhovna Rada of Ukraine Vladyslav Lukyanov. According to him, more funds for these programs will be allocated by reducing the debt burden on the budget. People's deputy explained that "this year on external borrowing and paying interest on public debt is removed from the budget of more than $ 90 billion" This is the largest budget expenditure. The next year, according to calculations, this amount will be substantially less. Given that GDP in 2012, we expect at 1.5 trillion. UAH. In percentage terms, the debt burden on the state budget will be reduced. Due to this, and the amount of funds which will remain in the budget to carry out all functions will increase. So I guess that funding for programs related to addressing the most pressing social issues, including programs and affordable housing, and youth loans will increase. In this I have no doubt, "- said Lukyanov.

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Content tags: Legislation Housing
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