Photo from UNIAN
Ukrainian Prime Minister Volodymyr Groysman has said it is necessary to move from the annual state budget planning to medium-term planning in the range of two or three years.
"We need to move from the budget for a year to a mid-term horizon. It is necessary to plan for a longer horizon than a year," he said during a meeting with representatives of regional media.
Groysman stressed that this principle had already been laid down in government operations, and now the task of the local authorities was also to use a long-term vision for regional development – both in terms of economic growth as a whole and regarding the more detailed figures. He stressed that the medium-term planning would allow local authorities to quickly adopt local budgets and manage funds.
Read alsoUkraine places Eurobonds worth $1 bln at lowest ever interest rate – Finance MinisterEarlier, Minister of Finance of Ukraine Oleksandr Danylyuk noted the need for the formation of the budget policy for at least three years. In turn, Deputy Prime Minister Stepan Kubiv noted that the Government laid down in the draft state budget of Ukraine for 2017 the new principles of economic policy, which should remain unchanged for another five years.
Read alsoUkraine Cabinet mulls injecting another UAH 6.6 bln into army, policeThe Cabinet in June 2016 approved a draft budget resolution stipulating GDP growth in 2017 at 3-4%, inflation at 8.1%, the unemployment rate of 8.6%, the forecast level of debt at 66.8% of GDP, and the hryvnia exchange rate at the level of UAH 27.2 to the dollar.