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Cabinet foresees UAH 3.4 bln for space sector in 2016 – draft national budget

Cabinet foresees UAH 3.4 bln for space sector in 2016 – draft national budgetThe Ukrainian government has proposed that in 2016 some UAH 3.39 billion is provided in the national budget to finance the space sector, and around 30% of the funds are sent to the special fund to finance defense programs.

According to the draft 2016 national budget posted on the parliament's website, UAH 2.47 billion (74%) of the funds will be financed from the general fund of the national budget.

Some UAH 223.6 million is planned to provide for financing of the works under state targeted programs and state orders in the space sector, including the general state targeted research space program, which is 4.5 times more than in 2015 (UAH 49.4 million).

A total of UAH 110.6 million will be sent for testing spacecraft, including UAH 107.64 million from the general fund. UAH 269.4 million from the general fund is foreseen for disposal of solid rocket fuel of SS-24 at Pavlohrad chemical plant (Dnipropetrovsk region).

Some UAH 1.85 billion from the general fund or 55.9% of total financing will be sent to fulfill liabilities on credits raised to realize the Cyclone 4 and National Satellite Communications System projects.

The draft document foresees that UAH 925.8 million (27.2% of total financing) will be provided from the special fund to implement state targeted programs on reformation and development of defense and industrial complex, designing and introduction of new technologies, boosting the industrial capacity of the sector facilities to produce defense products.

Source: Interfax-Ukraine
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