The Government managed to reduce the deficit
of public finance fivefold, while in the fourth quarter,
the GDP growth amounted 1.5%. This was announced by Prime Minister of Ukraine
Arseniy Yatsenyuk on Tuesday, February 16, at the Parliament during the
Government's report on its activities for 2015.
"We have been facing
extremely difficult economic challenges. The country has lost one
fifth of its economic potential as a result of the
annexation of Crimea, the intervention
into Donetsk and Luhansk.
The country suffers billions of losses from war,
investors are scared. Therefore, in
the recent developments, we were obliged to make
very active steps to stabilize the Ukrainian economy", he stressed.
At the same time, Arseniy Yatsenyuk
accentuated there were first signs the
economy is stabilizing: "For the first time in last two
years, the third and fourth quarter of 2015 showed positive
dynamics of GDP growth. In the third quarter the GDP growth showing was 0.5%, in the fourth quarter -
The Prime Minister reminded
that in the current year an economic growth showing was
planned at 2%, however
a number of other challenges the world is facing can affect the forecast.
According to Arseniy
Yatsenyuk, another achievement for
2015 was that the Government managed to reduce the public
finance deficit fivefold: "If in 2014, the total deficit of
public finance amounted over
10% according to the methodology of the International Monetary
Fund, in 2015 we managed to reduce the deficit of
public finance fivefold. This figure is 2.1 percent."
Due to the joint work of the Government and the Parliament,
he said, it could prove possible
to improve the business environment in the
country, in particular the rate of foreign investment: "Last
year we experienced the inflow of foreign investment, as a
rule, only in the banking sector. But while we can't note
that foreign investors come to Ukraine to develop the economy –
there exists too many challenges. However, deregulation of the Ukrainian
economy, which we carried out
jointly, allowed Ukraine to improve its performance by 29 positions in the global
ranking Doing Business".