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Azarov: Global recession to blame for economic difficulties in Ukraine

December 04, 2013, 17:15 UTC+3 4
However, Ukraine's PM expressed confidence that the government would manage to develop the 2014 state budget
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Ukrainian Prime Minister Nikolay Azarov

Ukrainian Prime Minister Nikolay Azarov

© EPA/SERGEY DOLZHENKO

KIEV, December 4. /ITAR-TASS/. Deterioration of the economic situation in Ukraine is caused by the global economic recession and decrease in trade with Russia, Ukrainian Prime Minister Nikolay Azarov told the government on Wednesday.

He said the state budget revenues amounted to nearly 38 billion dollars over the past eleven months, which was $4.1 billion less than estimated.

“The budget incomes increased by only 1 percent instead of the earlier planned growth of 6%,” Azarov said.

However, the premier expressed confidence that the government would manage to develop the 2014 state budget and the parliament would adopt it despite current economic difficulties.

“We ought to make decisions for the future,” Azarov said. “One of the strategic documents is the budget for the next year. It is very difficult to develop it in the current economic situation and also difficult to adopt it, but we should do it and, certainly, we will do it.

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