Arseniy Yatsenyuk: The Board endorses only one third of laws necessary for a quick and effective reform. It's unacceptable
"Despite various political commitments and political flags, the country should demonstrate unity in the need to adopt and implement laws aimed at ensuring financial and economic stabilization, Ukraine’s prosperity, creating jobs, new businesses, growing income, and, accordingly, increase in wages, pensions and other social standards in the country", said Prime Minister of Ukraine Arseniy Yatsenyuk at a meeting of the Financial Stability Board on Monday, September 7.
The Prime Minister appealed to the members of Parliament: "For the first time in the history of Ukraine we have had the programme with the International Monetary Fund reconsidered twice. And we expect the arrival of an IMF mission for a third revising. It is unacceptable that the country is pursuing reforms, but only a third part of the laws designed for fast and effective reforms are voted in Parliament".
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Arseniy Yatsenyuk stressed the importance during the following plenary week to vote in the Parliament several bills, including those that relate directly to our liabilities to foreign investors and creditors." Arseniy Yatsenyuk accentuated that there exist "clear and strong signs that the financial system of the country is on the way towards stabilization." He recalled that as of 27 February 2014, the accounts of the State Treasury had contained UAH 108 thousand. "Today the State Treasury accounts make up UAH 45 billion except for foreign currency”. "It is true we have managed to settle the economic situation", the Head of Government stressed and added "too much remains to be done". "Due to the joint actions of the Government and the National Bank we maintain the financial sector stable. Much has been done in the banking sector, thus providing us an opportunity to finance unprecedented spending on national security and defense – it is almost 100 billion hryvnia," said Arseniy Yatsenyuk. According to him, the accumulated funds in the Treasury Single Account will afford the Government to finance national security, defence, army and social standards: "Throughout the current year these accumulated funds have created a cushion for us that will be used to cover the state demand in our defense sector and to finance expenditures on national defense and security and to pay increased salaries and pensions". He recalled that among the measures to solve the economic and financial problems in the country the Government decided to increase salaries, pensions and social standards since September 1 of the current year. "I expect that the Parliament will vote for the appropriate changes," said the Head of Government. Moreover, Arseniy Yatsenyuk expressed hope that the Parliament would approve the law on debt writing-off and restructuring. The Prime Minister noted that at its meeting the Financial Stability Board would discuss future action plan to balance the financial system and "lay the basis for economic growth." |