Ukraine Developed Financial Stability Program
OREANDA-NEWS. October 17, 2011. Prime Minister Mykola Azarov has held the meeting of the Economic Press Club in which course has considered with journalists of leading domestic mass-media a subject of financial stability in the state.
In particular, the Head of Government has reported about the Government's key measures aimed at investment and innovation development of economy and the tasks for the next year, among which – an output on the significant reducing of a budgeted deficit - at level of 2.5 %, reducing of debt obligations to 29.2% from GDP, as well as improving of the foreign trade balance.
"Now the Government's strategy and the main anti-crisis measures - to reduce a debt load and to reach a normal budgeted deficit," Mykola Azarov has underlined. However, he has stressed a capability of an output of economy on pre-crisis level in 2013-2014. The Head of Government has also noted necessity of reducing of import of natural gas.
According to the Prime Minister, it is important to align also an unbalance between import and export. In this regard, the Government has adopted a program of import substitution, "which is planned actually on each commodity position" and it is aimed at reducing of import over 5-10 years of imports by the expense of national production development, at application of high technologies to which, as Mykola Azarov is convinced, and the funds is necessary to spend.
The Prime Minister has also noted the Government achievements on reducing of inflation and an output on a deflation by the expense of price reduction of food products group. "For many indexes, the real deflation takes place at us," he has noted, having reported that stabilizing of a price situation is also promoted by building of vegetable store cellars, granaries and the wholesale markets that allows you to save agro goods. In addition, Ukraine has large capabilities of arrivals from grain export.
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