Ukraine: 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement: Staff Reports; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Volume/Issue:
Volume 2005
Issue 415
Publication date: November 2005
ISBN: 9781451839067
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , government , exchange rate , debt , monetary policy , GDP , U , S , dollar , broad money , real GDP , draft budget , Inflation , Global , Baltics
Summary
This paper focuses on Ukraine’s 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. After four years of strong activity, annual growth has slowed sharply, from a peak of about 12 percent in 2004 to 3 percent for January–September 2005. Fiscal policy in 2005 has aimed at a significant fiscal tightening, with the supplementary 2005 budget targeting a general government deficit of 2½ percent of GDP compared with the 4½ percent of GDP realized during 2004, and the 6–7 percent of GDP implicit in the original 2005 budget.
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