Deputy Finance Minister Sergei Storchak considers possible correction of the stabilization program of the IMF to Ukraine.
" A further adjustment is inevitable. Will adjust to the scale of resources allocated, will show the nearest conference in October-November to take place With the participation of donor countries of Ukraine, if they still are to this point, " BelTA quoted Storchak ITAR-TASS. The Deputy Minister assured that the Russian Federation had never planned to vote against granting Ukraine the next tranche of the stabilization program." Any ideas in terms of blocking another highlight tranche in the IMF we don't have, " He said. At the same time Storchak has focused on the alarming data that comes from the Ukrainian authorities on the implementation of the stabilization program." I am in the beginning was set up quite skeptical that the program will be executed in the form in which it was taken, with those huge commitments to increase the efficiency of collecting those taxes, any effect on the economy will transition to fresh tariffs, " he listed the Deputy head of the Ministry of Finance. He believes that " the letter to comply with the commitments undertaken by the stabilization program, it will be difficult "." The fact that large areas (Ukraine) with significant economic potential in fact not working on the implementation of the stabilization program, is the most important factor that casts doubt on the feasibility of performing subprogramme, " continued Storchak. He Also believes that a big problem for the IMF is that for the first time in the history of the stabilization program dedicated member of the Fund, on the area where combat operations are being conducted. Ukraine is in a difficult political crisis that affects so not the best state of the economy and its budget. The national Bank of Ukraine did not exclude inflation to 19% in 2014. According to Arseniy Yatsenyuk, the country is on the verge of economic and financial bankruptcy. Bankrupt Ukraine, the new government announced in February. Then Kiev clarified that requires 35 billion dollars. In addition, the lack of the capital budget of Ukraine has reached 3, UAH 2 billion (274 million). While the decline of Ukraine's GDP in the first six months of this year compared with the corresponding period of 2013 amounted to 3%. Also the Finance Minister of Ukraine Oleksandr Shlapak said that protracted " special operation " in the East of Ukraine led to the exhaustion of all the funds that were allocated for its implementation.

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sections: Politics