The Cabinet of Ministers has allocated UAH 450 million to the State Committee on Television and Radio Broadcasting for holding the international song contest Eurovision 2017.

The corresponding decision was taken at a cabinet meeting on Monday.

"To allocate UAH 450 million to the State Committee from the reserve fund of the state budget for funding preparatory events necessary for holding Eurovision 2017 in Ukraine," First Deputy Prime Minister, Economic Development and Trade Minister Stepan Kubiv said at a government meeting.