REUTERS
Economic growth in Ukraine in 2016 is projected at 2% with an inflation rate of 9% and the average annual hryvnia exchange rate at UAH 22.50 to the dollar, according to a draft resolution of the Verkhovna Rada of Ukraine on the main directions of budgetary policy for 2016.
The draft resolution was submitted by the chairman of the Parliamentary Budget Committee, Andriy Pavelko, and has been published on the Web site of the parliament.
"The main directions of budgetary policy for 2016 have been developed in accordance with the Association Agreement between Ukraine and the European Union, the Coalition Agreement, the President's Decree ‘On the Strategy for Sustainable Development of Ukraine – 2020’, and the decrees of the Cabinet of Ministers of Ukraine, and are based on the programs of cooperation with the International Monetary Fund and other international financial institutions," the draft resolution reads.
The major projected macroeconomic indicators of economic and social development of Ukraine for 2016, according to the document, are as follows: GDP growth of 2%, the consumer price index (December to December) at the level of 9%, the producer price index (December to December) at 12 %, the average hryvnia exchange rate at UAH 22.50 to the dollar in annual terms, with nominal GDP at UAH 2.1 trillion.
The unemployment rate is forecast at 9.9% per annum, according to the draft budget resolution.
"The main projected macroeconomic indicators may be revised in accordance with changes in the social and economic situation in 2015, as well as the internal and external risks,” the draft parliamentary resolution reads.
“If the Cabinet of Ministers of Ukraine adopts a decision on adjusting the main macroeconomic indicators regarding the economic and social development of Ukraine in 2016, the updated figures will be taken into account when preparing the draft State Budget of Ukraine for 2016.”