Ukrainian government unveils key achievements in 3 years

0 Comment(s)Print E-mail Xinhua, April 18, 2019
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KIEV, April 17 (Xinhua) -- The Ukrainian government on Wednesday unveiled its top achievements since assuming office in April 2016, saying that macroeconomic stability was the main result of the cabinet's work.

Over the past three years, the consolidated growth of Ukraine's economy reached 8.4 percent, the state debt declined from 79.1 percent to 60.9 percent of the gross domestic product (GDP), while the budget deficit fell from 2.9 percent to 1.7 percent of the GDP, said a report posted on the government's website.

In 2018, Ukraine's foreign exchange reserves stood at 20.8 billion U.S. dollars -- the highest level in five years, while inflation reached the five-year low of 9.8 percent, the report said.

Besides, over the past three years, the government has improved the business environment by either abolishing or amending some 1,000 obsolete regulations and by easing the taxation policy, it said.

Since 2016, the minimum wage in Ukraine has increased by three-fold, while the average monthly salary has doubled, according to the report.

Among its other major achievements, the Ukrainian cabinet also listed the overhaul of the country's road infrastructure, modernization of army, as well as healthcare, education and decentralization reforms.

The Ukrainian government led by Prime Minister Volodymyr Groysman took office on April 14, 2016. Enditem

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