In February 2018, PJSC UkrGasVydobuvannya allocated UAH 88.86 million of rent payments to the local budgets

Apr 4, 2018 | Category: Official
In February 2018, PJSC UkrGasVydobuvannya allocated UAH 88.86 million of rent payments to the local budgets

In February 2018, PJSC UkrGasVydobuvannya allocated UAH 88.86 million of rent payments to the local budgets, where the company extracts hydrocarbons.

5% of rent payments for February 2018 were directed to local budgets in 11 regions.

Most of these funds are concentrated in two gas production regions: Kharkiv and Poltava.

Thus, in February 2018, UAH 44.81 million were directed to a number of local budgets in Kharkiv region, UAH 36.41 million in Poltava region, UAH 2.92 million in Dnipropetrovsk region and UAH 2.92 million in Lviv region.

The balance of rent payments equal to UAH 1.8 million for February 2018 were directed to Ivano-Frankivsk, Luhansk, Sumy, Volyn, Chernivtsi, Transcarpathian and Donetsk regions.

Note for editors. 

In early 2017, the President of Ukraine, Petro Poroshenko, signed the Law on Amendments to the Budget Code of Ukraine Regarding the Inclusion of Rent Payment for the Use of Subsoil for the Extraction of Oil, Natural Gas and Gas Condensate No. 1793-VIII dated 20.12.2016 that was adopted by the Verkhovna Rada on 20 December 2016.

The Law stipulates that 2% of the rent shall be directed to regional budgets, 2% to district budgets and 1% to local government budgets at the place of location (production) of the relevant natural resources. The exception is the budgets of cities of republican and regional significance and budgets of the amalgamated hromadas, which will receive 3%. 95% of the rent will be directed to the general fund of the state budget.