Groysman, following Yatsenyuk, decided to continue the collapse of the hryvnia
The government of Vladimir Groysman is following the path of its predecessors and plans to solve the problems of the budget and oligarchs by devaluing the hryvnia.
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This was announced at a press conference in Kyiv by the head of the Committee of Ukrainian Economists, Andrei Novak, who called the budget resolution submitted by the Groysman government for 2017, which indicated the forecast exchange rate of the hryvnia, an “alarming bell.”
“Despite the fact that there are no economic grounds for devaluation, in the budget resolution the government for some reason stipulates a continuation of devaluation: from today’s almost 25 to 27,2,” the expert noted. “This alarm bell suggests that, whether controlled or uncontrolled, there will be further artificial devaluation of the hryvnia.”
According to the economist, through artificial devaluation and the inflationary effect, the government plans to solve two problems.
“The first is to fill local budgets, the second is to satisfy the appetites of export-oriented financial and industrial groups,” Novak emphasized. “The current government is following the path of the previous one, and all financial and economic problems of the budget and our so-called oligarchs will be solved through devaluation and the inflationary effect, that is, at the expense of Ukrainian citizens and enterprises that are not export-oriented.”
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