Azarov demands from other countries, fiscal stability

Prime Minister Mykola Azarov is convinced that the countries which issue reserve currencies should strengthen its fiscal policy. The Head of Government of Ukraine said at a briefing in China, where an official visit, according to the Department of Information and Communication with the public by the Secretariat of Cabinet of Ministers. "Carrying out reforms in developing countries, particularly in Ukraine, in need of real political stability, which is difficult to achieve at a time when the world has Monetary instability, price volatility in energy markets and food", - emphasized Mykola Azarov. "When the developing countries require a tight fiscal policy - to ensure the budget deficit and limiting government spending, then perhaps you need such a policy should be exactly the countries that issue reserve currencies in order to ensure stability in financial terms," ??- Prime Minister added. In this case, he cited the example of what the world markets has significantly increased the price of gold for a very short time. "Such a depreciation of the dollar will certainly affect the prices of basic commodities in the world, ie the same energy and food prices", - concluded Mykola Azarov. Note that according to the forecast of the Government of Ukraine in 2012, real growth in gross domestic product will have to make 6,5%. However, the content of the limit of the state budget deficit for next year is projected at 2.5% of GDP (in current year - 3,1%). Ministry of Industry