Ukrainian Cabinet of Ministers approved the budget 2011. Verkhovna Rada will say the last word
Cabinet of Ministers approved the draft budget for 2011. On Friday it will be submitted for consideration to the Verkhovna Rada. According to the minister of Finance Fedir Yaroshenko till Friday the document will be finished, in particular, expenditure items will be adjusted.
As Fedir Yaroshenko said the decision to approve the draft budget was taken unanimously. But there was a request of the prime minister and cabinet members to finalize the draft law. And on Friday the draft law of the state budget for 2011 will be submitted to Verkhovna Rada.
The budget is calculated on the basis of such forward-looking macroeconomic indicators: nominal GDP - 1253 billion UAH, GDP growth — 4.5%, the inflation rate - 8,9%, the producer price index of industrial production - 11,3%, payroll - 398 billion UAH, exchange rate - 7.95 UAH / USD.
We remind, that today at the Cabinet of Ministers meeting, Prime Minister Mykola Azarov said that under the draft budget for 2011, expected inflation is 8.9%, the budget deficit - up to 3%.