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Ukraine's economy returned to pre-pandemic indicators and will grow by 5% in 2021

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Prime Minister of Ukraine Denis Shmyhal spoke about “billions of hryvnias” of state support for industrial growth, exports and employment provided in the 2021 budget.

Ukraine's economy returned to pre-pandemic indicators and will grow by 5% in 2021

The Ukrainian government will overfulfill the budget revenues plan by the end of 2020, industrial production has already recovered to the level of last year, and unemployment has decreased by 600,000 people, returning to the level of 2018. told to his subscribers on Facebook, Prime Minister of Ukraine Denis Shmyhal.

“Despite the manipulation of individuals, the state fully fulfills its obligations, in particular, to finance capital expenditures. There were more than 60 billion hryvnias in the Single Treasury Account as of 23.12, and this is an absolute record for that date. All salary debts to the miners have been paid, funds for the purchase of vaccines have been allocated, additional payments in the amount of UAH 8,000 to Ukrainians, whose activities will be terminated due to quarantine, are already being implemented, ”Shmyhal said.

According to the Prime Minister, in November, the Ukrainian industry increased by almost 1.5% compared to October and recovered to the level of November 2019. He noted that comprehensive programs to support industry, in particular mechanical engineering, for which “billions of hryvnias of support” are provided in the budget for 2021, will give an impetus to further growth next year.

“We enter 2021 with forecasts of economic growth of almost 5%. For this we have everything you need: a strategy, resources and a willingness to work together for the good of our country, ”Shmyhal summed up.

Recall that at the end of 2019, industrial production in Ukraine fell at the highest rate since the beginning of the armed conflict in the east of the country in 2014-2015. In October last year, industrial production in Ukraine fell by 5%, in November - by 7.5%, in December - by 8.3%.

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