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The head of the Ministry of Economy considers unfounded fears of the Accounting Chamber on the hyperinflation in Ukraine

Jul 17th, 2009 | By admin | Category: Main News

Minister of Economy of Ukraine Bohdan Danilishin considers groundless fears of the Accounting Chamber about the emergence of hyperinflation in the country.

I think that all calculations and analysis of the situation shows that there is no hyper-inflation by the end of the year can not be. And the statements of this kind are groundless, - he said.

As reported, the head of the Accounting Chamber Valentyn Symonenko at a press conference in agency Interfax-Ukraine on Thursday said: The devaluation of the law on state budget, substitution of the functions of Parliament, the Cabinet of Ministers of Ukraine - it rammed a foundation for further economic collapse. This is the foundation untightening for inflation to hyperinflation. such that the results of 1993 and 1994. may seem to us of children's antics.

In April 2009 the IMF issued a report on the prospects for the global economy (World economic outlook), which predicted inflation (December by December) in Ukraine in 2009 at 15%.

However, in June2009 was published an updated memorandum of economic and financial policies of the Ukrainian authorities, as adopted in the framework of cooperation with the IMF, which provides for inflation at 16%.

In early July, Tymoshenko said that the IMF could improve its forecast of inflation in Ukraine in 2009 to 10-13%.

official inflation forecast for 2009 is held at the government level 9.5%. Thus, on the basis of January-June, inflation in Ukraine has made 8,6%.


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