Finance ministry: GDP could grow by 3-4% ever year in 2017-2019, hryvnia to gradually devaluate

09:35, 30.06.2016 1 min read

Growth of Ukraine's GDP in 2017 is expected to be 3%, and in 2018 and 2019 – 4% every year, Ukraine's Finance Ministry has reported on its website.

According to the ministry, in 2017-2019 inflation would slow from 8.1% to 5.5% and 5.2% respectively.

Hryvnia would gradually devaluate: in 2017 – to UAH 27.20/$1 (on average during the year), in 2018 – to UAH 27.80/$1 and in 2019 – to UAH 28.10/$1.

The ministry said that on June 24 the Cabinet of Ministers approved a draft budget resolution for 2017: in the near term the budget resolution for 2017 would presented to parliament.

"There are no grounds to have worries about the 2017 national budget. The drafting of a new approach to the creation of the budget resolution and budget declaration for three years is a top priority of the Finance Ministry in reforming the budget process. In 2017 all stages of the budget process would be passed using new rules," Finance Minister Oleksandr Danyliuk said.