• Українською
  • Sound public finances stimulate economic growth, says Oleksiy Lyubchenko
    Ministry of Economy of Ukraine, posted 22 July 2021 15:02

    Ukraine's public finances must restore the status of an effective institution of fiscal policy, which fully performs all three of its classic functions: macroeconomic stabilization, revenue redistribution and resource allocation to stimulate economic growth and social development. Such theses were provided by the First Deputy Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko in the article "Key objectives for economic growth of Ukraine" for LB.ua.

    Oleksiy Lyubchenko determined the core measures of this block:

    • Balanced fiscal policy that provides a balanced impact on the real economy and the state of public debt.
    • Development of fiscal instruments to support investment: public investment in infrastructure; state guarantees for investment projects; compensation of interest on investment projects; public-private partnerships and concessions; tax incentives to intensify investment.
    • Effective redistribution of economic income through fiscal policy measures with an emphasis on equalizing the profitability of various activities and reducing inequality (including tax policy measures).