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  • Denys Shmyhal: The National Economic Strategy 2030 is a roadmap for introducing the changes that society has long required
    Communications Department of the Secretariat of the CMU, posted 22 January 2021 11:58

    The National Economic Strategy until 2030 is a fundamental roadmap for implementing the changes that Ukraine and society have long needed to embark on the path of economic growth and institutional change in our country. This was stated by Prime Minister Denys Shmyhal.

    On January 22, the Prime Minister chaired a round table discussion on the National Economic Strategy 2030 dedicated to the topic "Investment attractiveness, capital markets and macroeconomic stability." The event was attended by representatives of the Government, the Office of the President, business representatives, economic experts and analysts.

    During the round table, the priorities for the Government Action Plan for 2021-2023, the priorities of NES-2030 by thematic area and the priority bills to the list of the TOP 100 laws of the Verkhovna Rada for 2021-2023 were presented.

    According to Denys Shmyhal, the Strategy was developed by a government working group with the involvement of a large number of leading economists and the business community. According to him, for the first time in the history of Ukraine, such a long-term document is being made, which will show the society what goals Ukraine shall achieve in the next 10 years.

    "A number of documents have already been developed, and the TOP 30 vectors of economic development have been determined. An audit of the state was conducted, the results of which were presented in November. Then we saw what it means when the country does not know what path to follow, when there are elements of misunderstanding of the strategy. This is billions of dollars of inefficient use of economic instruments in our country," the Prime Minister stressed.

    The Head of Government also noted that an important component in the process of developing the Strategy is a public discussion to take into account the views of experts, the public and to polish joint developments.

    "It is important to shape the joint vision, tools, mechanisms that will be used for the successful development and implementation of the goals of the state," said Denys Shmyhal.

    The Prime Minister noted that in the context of improving investment attractiveness, it is necessary to create a capital market, develop commodity markets and launch a cumulative level of the pension system.

    "All these things will create favorable conditions for investment, as they will allow to saturate our economy with long-term financial and investment resources," stressed Denys Shmyhal.

    According to the Head of Government, the progress on the path towards the Grand Privatization is also critical: "A package of bills has been prepared. It is also one of the elements of attracting financial investment capital to the state."

    The Prime Minister noted, the objects that are now run by the state, due to inefficient management, sometimes fail to yield the expected result.

    "Thanks to privatization, they will get to the hands of investors and obtain effective managers, which will provide the state with taxes, dividends, jobs. This is one of the elements of minimizing the role of the state in the economy, which is part of the program of the President of Ukraine and the Program of the Government," said Denys Shmyhal.

    The Prime Minister also stressed that only in 2020 Ukraine for the first time had begun to use the mechanisms of public-private partnership, concessions, and activities in this direction, he said, would prolong.

    "We have already prepared and I hope we will sign a memorandum on the creation of a capital market next week. There is a relevant timeline for how it will be created. This process must begin. That is why it is important for us today to hear the opinions of experts and constructive advice," said the Prime Minister.

    Denys Shmyhal: The National Economic Strategy 2030 is a roadmap for introducing the changes that society has long required Denys Shmyhal: The National Economic Strategy 2030 is a roadmap for introducing the changes that society has long required Denys Shmyhal: The National Economic Strategy 2030 is a roadmap for introducing the changes that society has long required