07.09.15 16:50

"We have managed to stabilize economic situation in the country," - Yatseniuk

There are clear and strong signs of stabilization of the financial system of Ukraine.


This was stated by the Prime Minister of Ukraine Arsenii Yatseniuk at a meeting of the Financial Stability Board on Monday, Sept. 7, Censor.NET reports citing the Cabinet press service.

He recalled that as of Feb. 27, 2014, the accounts of the State Treasury had UAH 108,000 (about $4,920). "Today, the State Treasury accounts make up UAH 45 billion (about $2.05 billion), excluding foreign currency," he said.

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"It is true we have managed to settle the economic situation", the head of government stressed and added "too much remains to be done."

"Due to the joint actions of Ukraine's government and the National Bank we maintain the financial sector stable. Much has been done in the banking sector, thus providing us with an opportunity to finance unprecedented spending on national security and defense - it is almost UAH 100 billion (about $4.55 billion)," Arsenii Yatseniuk said.

According to him, the funds accumulated in the treasury single account will afford the government to finance national security, defense, army and social standards: "Throughout the current year these accumulated funds have created a "cushion" for us that will be used to cover the state demand in our defense sector and to finance expenditures on national defense and security, as well as to pay increased salaries and pensions."

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He recalled that among the completed measures to solve the economic and financial problems in the country the government decided to increase salaries, pensions and social standards from Sept. 1, 2015. "I expect that the Parliament will vote for the appropriate changes," the head of government said.

Moreover, Arsenii Yatseniuk expressed hope for the Parliament to approve the law on writing-off and restructuring of debts.

The prime minister noted that at its meeting the Financial Stability Board would discuss future action plan to balance the financial system and "lay the basis for economic growth."
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