: :inin Kyiv (EET)

Cabinet to submit draft budget for 2017 to Rada this week – Groysman


The Cabinet of Ministers of Ukraine plans to submit the draft state budget for 2017 to the Verkhovna Rada this week, as required by the Constitution and the Budget Code, Ukrainian Prime Minister Volodymyr Groysman said in his video address to the nation on Facebook.

”This week, the government will submit the budget for 2017 to the Parliament. We`ll do it on schedule, probably for the first time ever. We are ready for discussions on what should the 2017 budget be like. We will submit an honest budget – a clear one regarding expenses and revenue. This will be an action plan for the next year,” Groysman said.

The prime minister said that the document set out priorities and laid the incentives for economic growth, decentralization path was maintained, funding for road construction is provided, as well as support programs for farmers and teachers.

”It is time for us to look the problems in the eye and seek solutions to these problems. I believe that the debate around the budget will provide an opportunity to balance it so that we witness development in 2017. We have to assess our strength and have faith in the way we will live tomorrow,” Groysman said.

As UNIAN reported earlier, the Cabinet in June 2016 approved the draft budget resolution, which foresees 3-4% GDP growth in 2017 amid 8.1% inflation and a 8.6% unemployment rate. The state debt next year is projected at 66.8% of GDP, while the forex rate is expected at UAH 27.2 per U.S. dollar.

The Ukrainian Finance Ministry says it was about to finalize the draft national budget for 2017 and that the document would be tabled in parliament no later than September 15, the deadline set by the country`s Budget Code.

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