Sunday, August 28, 2011

Polish experts: Budget of Ukraine - a conservative

The experts of the Polish Center for Eastern Studies (OSW, Warsaw), consider a real execution of revenues received in December, the Ukrainian Parliament of the national budget for 2011, "Key indicators of the budget, as economic growth and inflation can be considered conservative, which explains the freezing social spending at the level of 2010, as well as make it easy to fulfill the plan of incomes ", - stated in a review center. Analysts noted that the adopted budget with a 3% budget deficit meets the requirements of a key creditor of Ukraine IMF, which opens the way to get the second tranche under the program approved in July stand by for 15.1 billion dollars, UNIAN. Experts believe that Ukraine can get a second tranche of the IMF in March after the pension reform. OSW also noted a reduction in budgeted expenditure on education, research programs and increase the maintenance of power structures, in particular, MVS, SBU, but not the army. Recall, December 24, Parliament approved a budget of 281 billion USD revenue and expenditures 322 billion USD, reducing the deficit to 3% from 5.3% last year. According to the document, the GDP growth will accelerate in the current up to 4,5 to 3,7% in the past, and inflation reduced to 8.9 to 13.1%.

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