Thursday, 30 August, 4001,14:09
Русская версия Українська версія for-ua.com English version
ForUm - самое цитируемое Интернет-издание. Главные новости Украины и мира. Home| News| One-line news| Articles| Interview| Gallery| Comments| Forum| Archive| Service| Search| About us
News / 10 January 2014 | 11:11
Economist: Budget process failure will push the country into chaos

Economist: Budget process failure will push the country into chaos


The proposition of the opposition to break down the budget consideration process is a destructive approach, as it will lead to freezing social expenditures of the state and will deprive Ukraine of the possibility to cooperate with international financial institutions, executive director of the International Bleyzer Foundation Oleh Ustenko declares, commenting on the appeals of the opposition politicians to block the budget adoption process for 2014.

"Absence of new budget is a rather negative moment for regular Ukrainians. It means that we enter 2014 with the old budget, and all articles, including social expenditures, will be financed basing on the calculations of the budget 2013. In turn, it means that no social pay hike can be expected," Ustenko explained.

Moreover, in case of budget process failure, the opposition will lose the possibility to control movements of state finances, the expert added.

"Availability of budget enables to plan state finances and define country's strategy for the next years, including reduction of budget deficit and stabilization of finances themselves. But if we fail to adopt the budget for 2014, I do not quite understand how the authorities, including the very opposition, can control and plan something," Ustenko summed up.
ForUm
Версия для печати
Speaker meeting heads of diplomatic missions of EU countries
On February 3 in Kyiv, speaker of Ukrainian parliament Volodymyr Rybak held a meeting with heads of diplomatic missions of EU countries, accredited in Ukraine
Rada coordination board sitting
On February 3 in Kyiv, the coordination board of heads of parliamentary factions and committees held a sitting
NBU issuing commemorative coins dedicated to Olympic games
On February 3, the National Bank of Ukraine put into circulation two commemorative coins "XXII winter Olympic games" of value 10 and 2 hryvnias
Azarov saying good-bye to the Cabinet
On January 29, now acting Prime Minister Mykola Azarov and first vice PM Serhiy Arbuzov presided at a sitting of the acting Cabinet
VR holding extraordinary sitting
On January 28 the Verkhovna Rada of Ukraine held an extraordinary sitting
Protesters occupied Ukrainian House
On the night of January 25/26 protesters occupied the  building of the Ukrainian House in Yevropeiska square, previously vacated by law enforcements
09:49 February 6-7, Ukrainian President Viktor Yanukovych pays working visit to the Russian Federation

4 February 2014
14:57 Skier Valentyna Shevchenko will bear Ukrainian flag at the opening of Olympic Games in Sochi
14:15 Rivne Regional Council chairman Yuri Kichatyi voluntarily resigned 

Read all news →
Top    
Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-4001
bigmir)net TOP 100