13 November, 2012 - 00:00
The Cabinet of Ministers has approved the draft of Medium Term Predictions of the Economic and Social Development of Ukraine to 2000 and Basic Predicted Indices of Economic and Social Development to 2010, according to Interfax-Ukraine. The medium term project foresees a 0.5% GDP increase in 1998, 2% in 1999 and 4% in 2000. According to Deputy Minister of the Economy Ihor Shumylo, the government plans to reduce inflation to 6.5% and reduce state budget deficit to 2% of GDP by 2000. They also plan to pay off all social and budget arrears, such as salaries, pensions, and stipends. Investment in 2000 will rise to Hr 18.5 billion or 15% of GDP. Foreign trade turnover will total Hr 43 billion. It is predicted that under a profitable political and economic situation, foreign investment in Ukraine will rise to billion in 2000.
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