Instead of subsidies, the Ukrainians will give money

The Minister sotspolitiki Andrey Reva said that the issue of grant money will begin not earlier than 1 January 2019. Photo: Еспресо.TV

The Ministry of Finance has completed the process of preparation of amendments to the decree of the Cabinet on full monetization of subsidies and incentives for utilities.

In the case of the adoption of the revised regulations, the money for the payment of utility services will be transferred to the personal account of the recipient is from 1 April 2018. Funds can be obtain in a Bank account or through the branch of Ukrposhta, reports “Today”.

However, the Minister of social policy Andrei Reva noted that the issue of subsidy will not begin until January 1, 2019. Benefits the Cabinet plans to monetize from 1 July 2018.

Grants are awarded to those who do not have enough income to pay for public services. Benefits is entitled to a discount when paying communal for certain categories of people. For example, large families or combatants.

In December 2017 the average amount of subsidy for one family decreased by 27.2%, that is was 993,4 UAH. The amount of subsidies has decreased for 2017 – as much as 43.3% compared with 2016.