Ex-Finance Minister Viktor Pinzenyk believes that the situation in the Ukrainian economy has developed, even by worst-case scenario than he predicted in his memorandum that accompanied his resignation.
He said in an interview with the BBC, C, responding to a request to assess the economic policies of the Government and the state of the Ukrainian economy.
Pynzenyk said that the situation demanded a difficult and unpopular decisions, but necessary in order to minimize the loss of the economy and to resume economic growth.
He regretted that the preparedness for such decisions were not in the past year and there is now.
It is a surreal budget. From the outset were laid with unrealistic figures, because at a time when the economy fell, the budget was calculated on economic growth. As a result, the budget deficit significant enough. to borrow money is very difficult, almost impossible because the markets are closed, not only for Ukraine, and Ukraine with such debts is very unfavorable for the borrowing. Such borrowings or expensive, or impossible, and remains a proven option, which is extremely dangerous - an option which I call The National Bank of Ukraine - he said.
Pinzenik also commented on the decision of the Verkhovna Rada, which is Aug. 21 veto of the President broke the law on the financing of Euro 2012. According to him, few pay attention to the fact that these funds, 10 billion hryvnia, the budget is not provided, therefore, adopted by the Parliament Act provides print hryvnia National Bank. V. PYNZENYK called it a very dangerous process.
He refrained from unambiguous answer to the question whether the worst is behind us in the Ukrainian economy. According to him, there are still risks that could lead to terrible complications. This Pinzenik reminded threat issue.
What is happening in the economy? The second quarter went a bit better than I expected. While the rate of decline is very high. In some sectors, there is a definite decrease in the rate of decline: the construction, industry, agriculture is on the rise 3,8% in July. There is a growing decline in trade, services …, - he said.
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