Prime Minister of Ukraine Arseniy Yatsenyuk considers that up to 5% of GDP should be spent on national security and law enforcement activities.

He also said that the Ukrainian authorities have plans to cut public spending by 10% within 2 years, RIA " Novosti ". Ukraine is in a difficult political crisis that affects so not the best state of the economy and its budget. The national Bank of Ukraine did not exclude inflation to 19% in 2014. In addition, the lack of the capital budget of Ukraine has reached 3, UAH 2 billion (274 million). While the decline of Ukraine's GDP in the first six months of this year compared with the corresponding period of 2013 amounted to 3%. In the last month of summer, the former Head of the national Bank of Ukraine Serhiy Arbuzov said that the banking system of Ukraine has already begun a technical default. According to the head of the National Bank of Ukraine Valeria Gontareva, since the beginning of this year, the devaluation of the Ukrainian hryvnia was 100%. On Thursday, Ukraine has received the second tranche of macro-financial assistance of the European Union in the amount of five hundred million euros. the 1st tranche of aid to Ukraine from the European Union in the amount of five hundred million euros was transferred in June 2014.





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sections: Politics