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  • Denys Shmyhal: State Budget for 2021 is a budget of opportunities
    Communications Department of the Secretariat of the CMU, posted 18 September 2020 23:46

    Ukraine must have opportunities for its further development. Therefore, the State Budget for next year is a budget of opportunities for the state, for people and for business.

    Prime Minister Denys Shmyhal told on air of the program "Savik Shuster’s Freedom of Speech" on September 18.

    "It's a budget of opportunities. It offers opportunities for small and medium-sized businesses, for industry, for economic development. It also provides opportunities for people in need of budget assistance. These are opportunities for further development of medicine, education, salary increases," the Head of Government said.

    Denys Shmyhal stressed that the budget includes a resource to increase the minimum wage. "This will stimulate the economy in difficult times when Ukraine faced a decrease in demand during the second quarter," said the Prime Minister, adding that in the third quarter, demand has already begun to recover.

    "We exert every effort to stimulate consumer demand for Ukrainian goods. And this is a plus for small and medium-sized businesses. Because today Ukrainians buy Ukrainian goods," said Denys Shmyhal.

    According to the Head of Government, the State Budget 2021 is also the budget for infrastructure development, in particular the continuation of the project of the President of Ukraine "Great Construction": "Funding for roads has increased severalfold. This is a strong multiplicative domain that creates additional jobs in related sectors."

    "This is a good basis for us to have the opportunity next year to develop our country, to get the planned 4.6% of GDP growth, to get good social, budgetary and economic indicators," the Prime Minister stressed.

    In the third quarter, according to the Prime Minister, there is already observed growth in export-oriented industries, in particular in the construction sector, where significant funds are invested.

    "We expect such growth in the 4th quarter and next year, given the trends. We have thoroughly calculated them in synergy with our international partners, taken into account the analysis and macro-forecasts of international organizations, and make a conclusion that 4.6% is a completely realistic forecast of GDP growth," the Prime Minister stressed.

    Denys Shmyhal: State Budget for 2021 is a budget of opportunities