Ukraine’s GDP could fall by as much as 6 percent. “It’s a good result” – Money.pl

Ukraine's GDP could fall by as much as 6 percent. "It's a good result" – Money.pl

2014-09-15 18:55

[Photo: Atlantic Council]

/> This is a consequence of the ongoing armed conflict in months with the separatists in the eastern part of the country – said Finance Minister Oleksandr Szłapak.

– The decline of 6 percent. will be a good result, because the economic situation has deteriorated dramatically in connection with the war on the Eastern Ukraine – Szłapak said at a government meeting.

Such indicator is in line with the forecast of the International Monetary Fund, which estimates the expected reduction this year GDP to 6.5 percent. However, according to the Ukrainian central bank, it will reach about 10 percent.

As the Szłapak, next year Ukraine can get the economic growth of 2 percent., if parliament approves the planned tax reform. Design changes in tax regulations to be presented to MPs this week – said the minister.

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At present form through a subsidiary has 26.19 percent of the shares of the bank.

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Index twenty largest companies in the closing lost 0.3 percent.

When opening a government meeting, Prime Minister Arseniy Yatsenyuk said that the reform will include income tax and corporate income tax, as well as social security contributions.

This is our clear requirement – are the reforms that we have to introduce in the sectors of social, fiscal and public sector. We worked on them for three months. Nobody expects a huge improvement, because the situation is very complicated. Our changes mean little, but a step forward – the Prime Minister declared.

As part of the reform of the existing six separate for the purposes of fiscal income groups of individuals and legal entities to be replaced only three, and the tax rate for the group lowest will be reduced by half.

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