Arsenii Yatseniuk: Government will submit sequester
“The first
task for the Finance Minister is to cut the state budget,” the Prime Minister
of Ukraine Arsenii Yatseniuk informed during a meeting with European Business
Association on Monday.
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He
stressed that the current year’s budget had been enacted on unreal
macroeconomic showings: “For that reason, with regards to the International
Monetary Fund mission, in the first place we must work on the macroeconomic
picture”. Moreover,
Arsenii Yatseniuk underlined the present budget had been designed on unreal
revenues of the state budget: “On my preliminary estimates, the state budget
might be cut ranging from 65 billion hryvnyas to 80 billion hryvnyas. These
are catastrophic numbers”. “If the
situation is settled by us, probably our macroeconomic showings will improve
in the III and IV quarter,” explained the Premier. Arsenii
Yatseniuk stresses the task of the present Government is to stabilize the
economic situation: “We are ready to stabilize it through unpopular means and
agreement with the IMF, through macroeconomic support of the EU, relevant
financial and banking policy, transparent tenders, reducing corruption and
deregulation of the whole sector. However, the time is needed.” |