The Cabinet of Ministers projects that Ukraine’s GDP will grow by more than 11%, while inflation will decrease to 5% by 2020. Finance Minister Oleksandr Danyliuk said this at the Wednesday Cabinet meeting.
The public finance management strategy for 2017-2021 approved by the Ukrainian government at a meeting on Wednesday implies the introduction of the medium-term budget planning and the creation of an independent body to access the feasibility of macroeconomic forecast and national budget revenue forecast.
Ukrainian Finance Minister Natalie Jaresko has said that she is not completely confident that the adopted budget and taxation bills will be approved by the International Monetary Fund (IMF).
The World Bank has provided a loan of $500 million to finance the Second Financial Sector Development Policy Loan, the National Bank of Ukraine (NBU) has said on its website.
Arthur Betz Laffer, the father of 'supply-side economics', has become the advisor on taxation issues to Natalie Jaresko, the Ukrainian minister of finance.