Russian, Indian students creating friendship satelliteScience & Space August 16, 21:46
Zenit St. Petersburg loses 0:1 against FC Utrecht in first leg of Europa League play-offSport August 16, 21:34
Saakashvili plans to return to Ukraine on September 10World August 16, 21:23
Russian diplomat concerned over US and North Korean aggressive statementsRussian Politics & Diplomacy August 16, 20:32
Diplomat says US-made chemical weapons found in Syria prove West’s support for terroristsRussian Politics & Diplomacy August 16, 20:14
Russia’s St. Petersburg to host World Travel Awards in SeptemberSociety & Culture August 16, 19:37
Combat aircraft to make up over 50% in Russian state arms seller’s exportsMilitary & Defense August 16, 19:22
Poroshenko orders probe into reports about supplies of missile technologies to North KoreaWorld August 16, 19:08
Over 700 policemen to provide security at UEFA Europa League’s match in Russia's KrasnodarSport August 16, 19:02
KIEV, December 16 /TASS/. A government-proposed 2016 draft budget will be ruinous for Ukraine and will finish off its economy, according to Yulia Tymoshenko, the leader of Ukraine’s Batkivshchina (Fatherland) party in Verkhovna Rada (parliament).
"The 2016 draft budget will ruin the Ukrainian economy completely destroying every branch and sector," Tymoshenko told a conference in Kiev on Wednesday.
Tymoshenko said that Ukraine had never had such humiliating, unprofessional and imbalanced budget. "It is the worst budget in the history of independent Ukraine," she stressed.
Tymoshenko described the 2016 draft as a "farewell" budget meaning the country would either part with the government of Prime Minister Arseniy Yatsenyuk or would give up any hopes for economic growth.
She said that under no circumstances Batkivshchina would vote for the proposed draft budget.
The 2016 draft budget and Ukraine’s Tax Code have already been submitted to Ukrainian parliament. Ukraine’s first persons and international creditors demand that the deputies adopt the draft budget as soon as possible. According to the deputies, the 2016 draft budget consolidates the state of poverty and extreme poverty for the majority of Ukrainians. For example, the budget provides for a 12% (172 hryvnias or about 7.5 dollars according to the current exchange rate) minimal subsistence level growth from 1,330 hryvnias to 1,496 hryvnias (about 57.6 -64.8 U.S. dollars). However, Viktor Medvedchuk, the leader of the Ukrainsky Vybor (Ukrainian Choice) public movement, predicts a 20%-30% inflation rate.
"It means the Ukrainians are being threatened with not just poverty but absolute poverty, and the 2016 draft budget is going to codify this status," the Ukrainian politician said.