Setting unrealistically high macroeconomic indicators for Ukraine's economy has weakened the efficiency of the government's anti-crisis efforts and disrupted the balance of budget, taxation, pension and monetary policies.
Ukrainian President Viktor Yuschenko shared this
viewpoint at a meeting with regional mass media at his residence
Syniohora in Ivano-Frankivsk region, the presidential press service
reported on Friday.
“The government didn’t have enough courage to tell
the truth that their political schemes and desire to see only positive
statistics have produced a model of economic development and a budget
model which do not respond to the system of anti-crisis measures,” he
said.
“We should be realists and aware what challenges are
to come, and then we will be able to seriously tackle them,” the head
of state said.
Yuschenko expressed hope that the government would
make its policy more adequate, as it will follow the requirements of
the International Monetary Fund (IMF) under a cooperation program.
In particular, the IMF pushes for the reform of the
gas market, NJSC Naftogaz Ukrainy and the cancellation of a number of
government’s economically unjustified decisions.
As he put it, when Ukraine comes out of crisis by 50% depends on how tough the budget policy and how deep the reform will be.
Yuschenko called for the review of the budget outlays, including administrative costs.
The president warned against printing money as a solution to the budget’s problems, as this could trigger inflation.
