Embassy of Ukraine to Serbia

Kyiv 00:43

Government approved the report on implementation of 2015 State Budget of Ukraine

24 March 2016, 22:36

The Cabinet of Ministers approved the report on implementation of the law On State Budget of Ukraine for 2015.

In her presentation of the annual financial statement Finance Minister Natalie Jaresko noted that for the first time in many years last year’s state budget had been successfully accomplished by the Government.

In particular, during 2015 for the first time in four years they managed to fully implement the revenue line of the state budget, to complete the first stage of fiscal decentralization and enhance the local budget resources, to cover all the key demands of the country.

Another achievements include the negative trend of previous years was changed, and the deficit in the state budget reduced significantly – from UAH 78.1 billion (4.9% of GDP) in 2014 it decreased to UAH 45.2 billion (2.3% of GDP) in 2015.

According to Natalie Jaresko, pursuing a policy of deficit reduction Ukraine will be capable to lessen its debt burden, reduce inflation rate, which will help to restore investor’s confidence in the future and therefore to increase the volume of investment into the economy, thereby creating new jobs and conditions for sustainable development of the economy of Ukraine.

Cabinet of Ministers of Ukraine

Latest news

Farmers shall receive UAH 300 million for reduction of loan interest rates | 07 April 2016, 20:59

Cabinet of Ministers of Ukraine

March sees record revenue to fill the state budget of Ukraine | 05 April 2016, 20:06

Cabinet of Ministers of Ukraine

First stage of grain terminal construction completed in Sea Port of Ilyichivsk | 31 March 2016, 18:26

Cabinet of Ministers of Ukraine