European Parliament Library

Ukraine, 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Abstract
This 2006 Article IV Consultation highlights that Ukraine’s fiscal policy in 2005–06 reshuffled resources from higher saving businesses to lower saving households, touching off a consumption boom, which has been reinforced by rapid credit expansion. In 2005, this boom helped to offset the drag on the economy from marked real currency appreciation, weaker steel exports owing to intensified third-country competition, higher business-tax collections, and post-Orange-Revolution reforms, which clamped down on tax loopholes, smuggling, and corruption. The authorities have proven adept at hitting low fiscal deficit targets
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. Introduction; II. Background; Text Boxes; 1. Reactions to IMF Advice; Figures; 1. Indicators of Real Activity, 2001-06; 2. Indicators of Inflation, 2001-06; 3. Terms-of-Trade and Energy Dependence Indicators; 4. Current and Capital Account Indicators, 2001-06; 5. Indicators of External Competitiveness, 1995-2006; 6. Indicators of Fiscal Policy, 1999-2006; 2. Ukraine's Lost Savings Problem; 7. Monetary Policy Indicators, 2004-06; 8. Indicators of Banking Sector Risks, 2001-06; 9. Financial Market Development Indicators
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452784243

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