Rada redirects budget funds of towns in eastern Ukraine's ATO zone

11:23, 03.06.2016 1 min read

Ukraine's Verkhovna Rada has passed a bill that redirects funds of local budgets of towns that are temporarily not under control of Ukrainian authorities to special funds of regional budgets of Luhansk and Donetsk regions.

An Interfax-Ukraine correspondent has reported that some 256 parliamentarians gave bill No. 4623 amending the final and transition provisions of the Budget Code the up votes at second reading.

The bill says that temporarily, until the towns are returned to control of Ukraine, ending stocks of local budgets of these towns will be redirected to the special fund of regional budgets of Donetsk and Luhansk regions.

The funds will be sent to restore social and transport infrastructure facilities, housing stock and utilities networks.

In addition, Donetsk region is to pay the local debt of the Donetsk City Council to Ukreximbank.