PM: The Government this year has fulfilled the principal objectives. Now we ought to implement them

In general, the Cabinet of Ministers in 2014 has completed the set tasks. Now it is crucial to make all the approved decisions a reality. This was stressed by Prime Minister of Ukraine Arseniy Yatsenyuk during the final press conference on December 30, 2014.

The first task the Government set was taxation of big business. "This task has been fulfilled. The approved laws envisage taxation of profitable business," said Arseniy Yatsenyuk.

The second objective was the need to maximally close tax loopholes and schemes for tax evasion: "This task was also fulfilled through the adoption of the law on transfer pricing”.

The Government has done the third task towards legalization of wages. "This task has also been done, and it envisages incentives. You pay more wages than last year, you legalize and refuse from “envelopes” - you pay threefold single social tax," said the Prime Minister.

Another objective concerns small and medium-sized companies, for which all checks have been banned for a period of 2 years, and the tax burden reduced twofold.

The fifth task of the Government, according to Arseniy Yatsenyuk, is cutting expenditures for the state apparatus and public administration. "We undergo a 10% reduction in the number, we have halved supervisory inspections. And also for another six months we have extended the moratorium on all inspections carried out by the regulatory authorities of Ukraine, except for the State Fiscal Service and the State Financial Inspection," noted the Prime Minister.

According to Arseniy Yatseniuk, among the extremely important tasks was drafting and adopting of a balanced budget for 2015. "We have adopted the law of Ukraine on the state budget, which is well balanced, bearing in mind today's financial environment," he announced. At this, the PM stressed that, following the consultations with the International Monetary Fund and the financial creditors by February 15 the Government plans to make appropriate amendments to the law of Ukraine on the state budget.

And the seventh task is "to demonstrate the country that Ukraine has the Government, the coalition, who are capable to take difficult but correct decisions, even if such a decision is taken at 5 o'clock morning."

"This was the package that had to be worked out by the end of the year. We have succeeded. What is left now - we have to execute all of it," said Arseniy Yatsenyuk.