Mykola Azarov: Ukraine has reached substantial progress in stabilizing the financial and economic situation

28.05.2012 17:52 "Agro Perspectiva" (Kyiv) — Ukraine has managed to achieve substantial progress in the reforms conducting and stabilization of financial and economic situation. This was declared by Prime Minister Mykola Azarov at a meeting with U. S. Congress delegation on Monday. «On Friday IMF mission is working in our country, they noted a remarkable progress in stabilizing the financial and economic situation in Ukraine as well as in carrying out reforms,» said PM. According to him, the Government has managed to establish rigorous budgetary discipline. Currently, the budget deficit is around 3 percent. However, for 4 months of this year the inflation rate is 0.7 percent. In this context, Mykola Azarov recalled the previous government in 2010 has left ’inherited’ budget deficit at the level of 16 percent and inflation rate at 24 percent. Subjects discussed include also the socio-economic Ukraine’s development, fuel and energy sector and bilateral cooperation between Ukraine and the USA. «Our relations with the United States have a strategic nature. We carry out all we agreed with the Government of the United States,» Prime Minister summed up.

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