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Kyiv to lose 1/3 of its budget in 2022

Kyiv to lose 1/3 of its budget in 2022

According to preliminary calculations, Kyiv’s city budget will lose one-third of its revenues, i.e., more than $0.7 billion or UAH 20 billion, because of the Russian aggression, according to the press service of Kyiv Mayor Vitalii Klychko.

The mayor noted that, at present, the city’s economy is slowly coming back to life, and businesses are coming back to work. Also, the percentage of payments for the utility services provided is growing in the capital.

“For example, 55% of Kyiv citizens paid for utilities for March 2022. And I am very grateful to them for that since these funds were spent on the necessary materials. They were spent on salaries to employees of enterprises, who, often risking their lives, provide the city with all services,” said Klychko.

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