Ukraine’s PM plans to achieve 40 percent economic growth in five years

Ukraine’s PM plans to achieve 40 percent economic growth in five years

Ukrinform
The Government of Ukraine plans to achieve 40% economic growth and attract $50 billion in investment over the next five years.

"Ukraine needs to grow by 5-7% a year. This will allow us to develop at a normal pace and improve people's lives. The next few years are going to be difficult. We will pay off record high debts, every third hryvnia next year will be sent for settling debts," Prime Minister of Ukraine Oleksiy Honcharuk said during the presentation of the Government's Action Plan, an Ukrinform correspondent reports.

According to him, "it is quite possible to achieve 40% economic growth and attract $50 billion in investment" over the next five years.

"The Government's Action Plan is a large document unlike those adopted by previous governments. It is primarily about goals. How does a government in a civilized country work? It is elected by parliament and some measurable goals are set, i.e. what should be achieved within a specific period. The Parliament regularly monitors the achievements," Honcharuk said.

According to the Ukrainian Prime Minister, the goals set in the action plan are "human-centered."

"We do not set abstract goals simply to gain positions in any rankings. Our goals refer to people in different life situations," Honcharuk added.

On September 29, the Cabinet of Ministers of Ukraine approved the Government's Action Plan.

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