Some interesting details about the national budget for the upcoming year

The benefits and concerns of the budget reform

While the economic crisis in Ukraine escalates, the government focuses exclusively on replenishing the current budget deficit

The Cabinet of Ministers approved Draft State Budget for 2014 with, reports Iryna Akimova, First Deputy Chief of Staff. GDP is expected to grow 3% and inflation rate is estimated at 8%.

The plight of local communities whose funding has been blocked by the State Treasury reveals a dire public finance crisis that shows no sign of improving

Cash needed to avert Ukraine’s public finance disaster will be pumped out of non-oligarch businesses

State budget deficit has grown threefold over the first six months of 2013 compared to the same period in 2012, to UAH 22.5bn from UAH 6.7bn respectively, reports Tetiana Sysoyeva, Director of Fiscal Policy Department at the Ministry of Finance

Society and business that is not connected to the government will be forced to tighten their belts

First things first – the healing of Ukraine’s economy must go hand in hand with structural reform and technological upgrading of assets.

Even successful industries in Ukraine will have to tighten their belts in two years unless the government revises its economic policy in 2012

The 2012 State Budget entails neither significant increase of fiscal pressure nor pre-election overtures to the electorate

The government’s “anti-corruption” efforts do not affect the roots of the evil