OREANDA-NEWS. October 21, 2010. In seven months of its activities the Government managed to stabilize the socio-economic situation in the country. The prime Minister of Ukraine Mykola Azarov said it while opening the Cabinet of Ministers of Ukraine session.

"The socio-economic situation in the country is still complicated. Also because the previous rule caused a too deep fall in Ukraine. And because the threats of the world financial and economic crisis have not stepped back yet. At the same time, as opposed to the situation when we came to power today the state of affairs is stable and manageable", - Mykola Azarov pointed out.

The Prime Minister observed that the Government managed first of all to stabilize the economy and ensure its gradual getting out of the crisis. Thus, industries, building sector, trade, transport etc. are showing better results now.

According to the Head of the Government the situation in the budget and financial sphere has improved, all budget and Pension fund expenses are being financed stably and in full amount and the budget itself is being executed with deficit that was determined by the law. "Not only we but also the world and financial institutions consider it a great progress after last year 16 % budget deficit", - mentioned Mykola Azarov and added: "During the period of our Government activities the exchange reserve of the country increased by one third. It guarantees stability of the national currency".

As the prime Minister said the Government had returned the trust of the people and were fulfilling its obligations in full. Thus salaries pensions and social help payments are being systematically increased from May 1: "Even more, we compensated the people expenses not returned since January 1, because the previous Government refused to execute the law on increase of social payments".

Mykola Azarov mentioned that during the work of the present Government in general the average monthly salary adjusted for inflation had grown by almost 12 % and commodity turnover grew as of the 1st of October by 5,2 % - for the first time in the last two years. "It means that we managed to revive the domestic market and create a payable demand. Economically sound increase of income of people that we have been implemented since May 1 have not caused inflation", - the Head of the Government pointed out.

"These positive signs of stabilization and renewal of the economy are notable not only for us. International rating agencies have already three times increased the rating of Ukraine", - Mykola Azarov said and added, that two weeks ago the managing director of International Monetary Fund Dominique Strauss-Kahn said to him directly: "It is everything OK in Ukraine. It is partially the credit of IMF, but mainly it is the result of the Government", - the Prime Minister finalized.