Kyiv (QHA) -

The Cabinet of Ministers has reduced the amount of the funding assigned for the State Committee for Television and Radio Broadcasting of Ukraine from UAH 201.7 million to UAH 122.75 million, reports Interfax.

The Cabinet of Ministers issued relevant resolution No. 656-r on August 1.

According to the document, UAH 122.753 million was assigned to ensure broadcasting of state-run television companies including the national one and regional ones.

Of them, UAH 21 million was allocated for the acquisition of rights to broadcast the 2014 Winter Olympics and the 2016 Summer Olympics by the National Television Company.

Around UAH 24.1 million will be spent for the repairs of old equipment and the purchase of the new one, UAH 7.6 million will go for the renovation and equipment of offices and studios of the state-run TV and radio companies.

The government provides UAH 25.5 million for the implementation by the National Television Company of its international obligations to the European Language Union.