The Cabinet of Ministers of Ukraine initiates amendments to the budget for 2014, which includes increasing the size of the national debt and reducing support costs of the coal industry.

" in connection with the devaluation of the hryvnia, the Ministry of Finance has proposed to more than 160 billion UAH to increase the size of public debt, as well as 3 billion UAH to reduce the support costs of the coal and peat industry, " Internet publication " Apostrophe ".

According to the legislation of Ukraine the draft law of the government is obliged to consider the Parliament.

Ukraine is in a difficult political crisis, which affects its economy and the public sector. In fact, the country is on the verge of default. The government predicts a decrease of the country's GDP by 5% in 2014, in November the Prime Minister Arseniy Yatsenyuk did not exclude the falling rate of 7%. A similar level of decline is predicted and the national Bank of Ukraine.

The European Bank for restoration and development assumes that GDP will decline by 7%, Fitch - 5%. The authorities have a hope to save the economy through external borrowing.

sections: Politics