"20% of Ukrainian economy is concentrated in Luhansk and Donetsk. Due to Russian
military aggression, we have lost 20% of revenues, 20% of foreign exchange earnings, 20% of our economic potential. Today the situation is
even more complex than it was nine months ago, because the economic infrastructure has been destroyed, enterprises and factories have been destroyed, destroyed economy makes itself felt," Prime Minister of Ukraine Arseniy Yatsenyuk underlined, presenting the Action Program of the Government at the
Parliament on Thursday, December 11.
Arseniy Yatsenyuk outlined that the Action
Program of the Government is based on a number of
provisions of the coalition
Program’s core foresees
our course towards
European integration, and the basis for such a program - the Association
Agreement between Ukraine and the European
has stressed that the Program offers a solution to three key challenges Ukraine is facing, as well as the way out of the crisis in the country: "It depends on us, how quickly and effectively we will find out and overcome this crisis."
key threat to Ukraine today, he said, is the
threat to her independence: "It is only due to Russian military aggression. Russia annexed the Crimea, sent her terrorists to Donbas, while destroying the economic potential of Ukraine. What cannot
be restored is the most important. The highest value is a human life. We are losing the Ukrainians at war, waged by the Russian Federation."
Moreover, the key challenge to our independence
is also energy
dependence on Russia.
Arseniy Yatsenyuk said that reserves are less than USD10 billion, "And there is no reason today to say that they will increase, unless we sign a next agreement with our international creditors."
has stressed that the Government keeps the fiscal
deficit within UAH68 billion - about 4%, "In addition, we have an institution that has the higher deficit than the entire budget of the country - National Joint Stock Company Naftogaz Ukrainy. Due to the fact that the rates in the country do not meet the real market value of energy resources, this year's state budget actually gave direct subsidies to Naftogaz Ukrainy worth UAH110 billion to purchase gas and pay off with
our suppliers - both European and northern neighbors."
to him, military aggression affects all economic indicators: "We predicted a decline in GDP minus 10%. Now forecasts have slightly improved - minus 7%. But
this does not affect
the real improvement
of the economic
"The same situation with inflation, which amounts to 19%. It is tied to a number of factors, including a significant drop in foreign-exchange rate, which led to a volatility Ukrainian banking system ", Arseniy Yatsenyuk underlined and stressed the need with along the
National Bank to immediately take measures to stabilize the banking system.
according to the PM,
is corruption: "Corruption lies in the inefficient management, non-transparent public procurements, strong regulation and excessive powers of central and local authorities, lack of the effective law enforcement, prosecutorial and judicial systems to combat real corruption in
answers to these extremely difficult challenges that the country has never experienced in all the years of her independence will be given only when the Parliament, the Government
and the President
along with the Ukrainian people, realizing full
out real changes. Nobody promised easy changes", Arseniy Yatsenyuk underlined.
First of all, reforms envisaged in the Action
Program of the Government, according to the Prime Minister, are based on "the European experience, requirements and criteria set by our international partners, and what has already being done for nine months", "What has not being done during 23 years, now we have to do within 23 months."