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 Hroisman talks of Ukraine's first absolutely honest budget, names priorities

Ukraine's 2017 state budget will have the following priorities: defense, energy efficiency and roads, agricultural sector and machine building, the preservation of financial decentralization.

Prime Minister Volodymyr Hroisman said at a briefing in Vinnytsia, Censor.NET reports citing Ukrinform.

"It will be Ukraine's first absolutely honest budget: our expenditures should correspond to our revenues. The populist and unrealistic budgets that we have traditionally had affect the macroeconomic stability. Basically, people gain nothing but for a rabid inflation. This will be an honest budget with clearly outlined priorities," Hroisman stated.

According to him, the first priority is defense followed by roads and energy efficiency in the economic and infrastructure sector.

"We want to continue to repair roads on a large scale. And most importantly, we have to embark on the construction of new roads. Our next priority is energy efficiency. I think that the state energy efficiency fund will have accumulated 5-6 billion hryvnia (about $188.59-226.31 million) by the next year. We also expect to bring in international resources. We are also able to accumulate 30-40 billion hryvnia (about $1.13-1.50) billion) in the road fund. All this will be spent on economy, modernization, job creation and the payment of wages," the head of government noted.

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Raising wages in education is another priority of next year's budget: "We will stand our ground in raising teacher salaries."

The prime minister also stressed the importance of supporting the agricultural sector, which will stimulate the development of domestic machine building. At that, Hroisman stressed the necessity of supporting small farms rather than major holdings: "We are interested in the increase of their [small farms - ed.] output, which, in turn, will stimulate machine building."

See more: "This is the first budget based on revenues and possibilities instead of expenditures and wishes," - Ukraine's Finance Ministry consults with public on state budget draft for 2017. PHOTO

In addition, the prime minister deems it strategically important to defend the country's financial decentralization.

"We are set to preserve the large-scale decentralization of finances. We will fight for it because some of our politicians say more money should be consolidated in Kyiv. I categorically oppose it: cities, towns, villages, regions and districts should receive funds directly rather than through parliamentary committees," Hroisman stressed.

According to him, the government expects the parliament to debate the rate of budget, its revenues and expenditures.

Read more: 2017 budget to include at least 45B hryvnia in utility subsidies, - Deputy PM Rozenko
 
 
 
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