Resolution: Ukrzaliznytsia fiscal plan for 2016 approved with UAH 11.19 bln capital investment

18:24, 31.03.2016 1 min read

The Ukrainian government on March 31 published its resolution No. 231 dated March 2 approving the financial plan of PJSC Ukrainska Zaliznytsia for 2016 in the Uriadovy Kurier newspaper.

The plan foresees the use of UAH 11.194 billion of capital investment, which is 19%, or UAH 2 62 billion less than the preliminary figure.

During the discussion of the fiscal plan at a cabinet meeting, which originally anticipated the increase of tariffs for freight rail transportation in 2016 by 15% from March 1, 2016, it was decided to agree on a 10% rise in freight rates on average for the year and finalize the plan taking into account the change.

According to an explanatory note to the document, according to the financial plan, the enterprise is expected to get a net profit of UAH 96.8 million and revenues of UAH 74.411 billion and pay UAH 11.601 billion to the budget and state targeted funds.

Prior to consideration by the government, the fiscal plan provided for a net profit of UAH 96.4 million and revenues of UAH 77.369 billion in 2016.