Groysman's government forecasts sustainable 4-5% of GDP growth per year / Photo from UNIAN
Ukraine's Cabinet of Ministers on Monday, April 3, approved a plan for the country's development for the medium-term outlook until 2020, which foresees sustainable economic development projected at 4-5% of GDP per year.
"We should build a strong, competitive economy with sustainable 4-5% of GDP growth per year. We should move forward from a raw-material economy. For the entire last year, we were analyzing how we could move over to the production of value-added goods… Forward means efficient government service, the development of human capital assets," Ukrainian Prime Minister Volodymyr Groysman said while presenting the document.
Read alsoUkraine's local budgets to grow by 25% in 2017 – PM GroysmanIn his words, the plan is also aimed at poverty reduction and guarantee of the supremacy of law through high-quality judicial and anti-corruption components.
"Other important priorities are security and defense – both internal and external," he said.
"The plan foresees that sustainable economic growth will be achieved through the creation of a favorable business climate, the stimulation of investment, along with deregulation, privatization, land and energy reforms, and modernization of infrastructure.
What is more, efficient public administration will be handled by the government via the introduction of advanced information technology, and the implementation of a new law on civil servants, and public finance reform.
Health care reform, pension and education reforms will be conducted to develop human capital assets.
The government will also facilitate the work of anti-corruption agencies, encourage the protection of ownership rights and implement judicial reform to ensure the supremacy of law.
In the defense sector, the Cabinet will develop the National Guard, and bring the Interior Ministry's law-enforcement agencies in line with European standards. The Ukrainian government is also committed to take measures to end the Russian occupation of Crimea and Donbas and reintegrate them into the rest of the country.