The Cabinet of Ministers will allocate 1 billion for cheap mortgage loans

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The government plans to allocate from the additional income of the state budget which this year 30,4 billion hryvnias, about 1 billion hryvnias for mortgage lending under small percent are expected at level.

The prime minister reported about it - the minister of Ukraine Yulia Timoshenko on air of 1+1 TV channel on Sunday, June 29.

Earlier Yulia Timoshenko declared that soon the government plans to be engaged in creation of more comfortable conditions for small and medium business and granting to the population of the cheap credits for housing.

"Each family which works and has the income, will have opportunity through the public mortgage institution to obtain the credit for 25-30 years for housing purchase, and without the first contribution and annual percent won't exceed 4-6%", - the prime minister declared.

Tymoshenko specified that the credits under small percent will give not banks.


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