Victor Pynzenyk on gosbudzet-2018: Spending dollars on imports exceeds revenues from exports. And it relates to the exchange rate

Former Minister of Finance and Minister of economy, MP from the bloc of Poroshenko Viktor Pynzenyk has said that the draft state budget for 2018 inherent problem regarding the national currency. He said this broadcast «112 Ukraine».

«Reviving the problem that the Ukrainian economy has experienced for decades. It’s dollars. Spending dollars on imports exceeds revenues from exports of Ukrainian. And this is related to the exchange rate. Unfortunately, these imbalances are budgeted for in the next year. And this will put pressure on the exchange rate of the national currency,» – said Pinzenyk.

According to him, «the budget lays the pressure on the exchange rate»

The Verkhovna Rada on 14 November will consider in the first reading the bill on state budget for 2018.

The draft law on the state budget of Ukraine for the year 2018 was was 15 September.

The document envisages GDP growth at 3%, inflation at 7%, the budget deficit is 2.4% of GDP and an increase in the minimum wage to UAH 3723.

The draft budget includes a rate of 29.3 UAH/$.

The national Bank of Ukraine set the official exchange rate of hryvnia to the dollar on November 14, in the amount of 26,49 UAH/$.




Victor Pynzenyk on gosbudzet-2018: Spending dollars on imports exceeds revenues from exports. And it relates to the exchange rate 14.11.2017

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Ноябрь 14th, 2017 by
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