Arsenii Yatseniuk: Government should prepare Economic Growth Code

The Cabinet of Ministers should prepare a so-called positive package concerning the issue of deregulation, attracting investment and job creation as well as Economic Growth Code, which provides for reduction of taxes and broadening the tax base. This was started by Prime Minister of Ukraine Arsenii Yatseniuk at the Cabinet’s session Wednesday, March 19.

He recalled that the Finance Ministry has prepared a number of proposals, in particular the amendments to tax system and the introduction of stringent fiscal measures: "We realize that not all of these legislative initiatives will be perceived by society positively, but we all have to realize that the situation is such that we must stabilize the economy, get serious economic and financial assistance from the International Monetary Fund and our partners."

The prime Minister stressed that stabilization of the economy enable the country to enter to economic growth: “I hope that the stabilization period will last for this year, and economic growth, which will be based on economic performance of 2014, will take place next year.”

“So it is crucial for us now - do not fall. We do our best to keep the economic situation,” Arsenii Yatseniuk added.

He also stressed that he welcome the position of the Ukrainians who are ready in this difficult time to help the country.

Arsenii Yatseniuk turns to the members of the Cabinet of Ministers, including the Minister of Economic Development and Trade, to promptly prepare a so-called positive package "These are issues of deregulation, attracting investment, creating jobs."

The Prime Minister has instructed the Minister of Finance to prepare the Economic Growth Code - "reducing the number of taxes and, therefore, broadening the tax base."

Arsenii Yatseniuk also address to Vice Prime Minister on regional development Volodymyr Hroisman on the issue of deregulation: “the monopoly that was here in the Cabinet should be broken immediately. We return power to the fields – it is the only way to overcome the central corruption. And we write this new rule.”

“We should work quickly and efficiently, the country is expecting immediate changes. We have very little time so that the Ukrainians gave first estimates of how this Government operates. And it depends on us what the estimates will be,” Arsenii Yatseniuk added.