Governments approved the Draft Budget Resolution until 2020
Prime Minister of Ukraine Vladimir Groysman stressed that the Government opens the horizon of planning for three years in order to make it clear “where the country is going” and do it the first time in Ukraine.
The Cabinet of Ministers of Ukraine approved the Draft Budget Resolution until 2020, which begins a new process of planning public finances for the medium term and provides:
- for the growth of the Ukrainian economy by 4% by 2020;
- reducing inflation to 5% by 2020;
- reducing the budget deficit to 2%;
- reducing Share of debt to 55% of GDP.
Members of the Government and those present at the meeting supported the idea of medium-term planning, as this is a world practice and It allows the formation of sectoral development programs for the future 2-3 years.