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 Budget of Ukraine is a Huge Failure. Economy is Collapsing, Ex-Minister of Finance

The state budget for 2012 is not fulfilled by 35 billion hryvnia.

This opinion was voiced by former Minister of Finance and newly elected deputy Viktor Pynzenyk on TVi channel.

"There are a lot of things similar to the situation of 2008. Ukraine's economy is collapsing. The budget deficit will be rather large," he said.

"The budget is not fulfilled by 35 billion hryvnia, it is a huge failure. The prospect is very clear. But I am concerned that no one responds to the situation and does not take appropriate action," said the former minister.

In his turn, BYuT deputy Serhiy Sobolev considers that "it necessary to balance the budget. Look what is happening now. If, at first, they said that it was the political repression of the cities where the people voted for the Regions but now we see that this mess is everywhere," he said.

"That's because there is no money in the budget. The budget was not used efficiently. Expenditures that have been made are nothing more than a feast in the time of plague," he concluded.


 
 
 
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