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The Government has made Ukraine less vulnerable to the influence of possible global crisis
20.09.2011 09:37 "Agro Perspectiva" (Kyiv) —
The current Government has made Ukraine less vulnerable to influence of possible world financial and economic crisis for one and a half year of its work. Such estimation was expressed by journalists and experts at the meeting of the Economic Press Club with the participation of the Prime Minister of Ukraine.
«That work which was performed by the Government throughout one and a half years, has allowed reducing a budget deficit. And this is the most important anti-crisis measure, which now allows us to talk about what we are prepared for a possible global recession much better than it was in 2008,» in turn, Mykola Azarov emphasized.
As the Head of Government has noted, to find financing for deficit of the State Budget at 2.5 % much easier than almost 20 % that was in 2009. «If we cannot find in case of crisis the external credit resources of 2.5 %, we will close it at the expense of internal resources. And expenses to cut down by 2.5 % is much easier, than by 20 %,» Mykola Azarov has told.
The Executive Director of the Blazer International Fund Oleg Ustenko confirmed that in the opinion of the expert community, today Ukraine is ready for a possible global crisis better than some European countries.
According to the Head of Government, the implementation of the government program of import substitution and energy saving will allow to save a significant amount of currency. In addition, the Government will continue negotiations with the Russian Federation about revision of onerous for Ukraine of gas contracts in 2009. At the same time the Government expects to increase since 2013 extraction of own gas by one and a half billion cubic meters a year. «We have gone on the big costs, and the platforms will begin extraction at a shelf of the Black Sea starting from the 1st quarter of next year. Already in 2013, Ukraine will receive an additional 1.5 billion cubic meters of gas,» Mykola Azarov has told.
The Head of Government predicts that in 2012 of considerable reduction in demand for the Ukrainian metal in the world markets will not be, therefore currency receipts in the State Budget will not decrease. «We assume that in 2012 there will be no significant drop of demand for our metal, considering, as Asia and the Asian markets develops,» he has noted.
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