According to the financial plan developed by the IMF to Ukraine, in the coming year must be overcome lack of budget. However, correspondents, analysis of this document, this assessment seems to be " wildly optimistic ".
the magazine says that a Very important expectation of the IMF is completely overcome the source of the state budget deficit and the establishment of a sustainable downward trajectory of public debt.
According to correspondents, in fact, the IMF predicts that by means of austerity measures Ukraine for one year will overcome the path that Greece was a long and painful four years.
Such forecasts of economic improvement, writes The Economist, are overly optimistic, as all versions of the IMF do not account for inflation, and it is in Ukraine has already exceeded 30% per year.
the journal emphasizes that in the financial program of the IMF there are a number of " brightest moments ", for example, it is assumed that public investment must increase. However, in General it looks pretty painful. IMF financing is limited in terms of budget support, as the Fund may not provide long-term investment, it focuses only on the short term, on the other, knowing that the Fund will lose money, the IMF Board would have given subsidies.
However, the Ukrainian economy is desperately in need of long-term financial investments. According to the authors, These investments have to come from the EU and the US, But they now hold. But without long-term and larger investments in the Ukrainian economy will remain on the verge of collapse, say the authors.