The Chamber: The level of the shadow economy in Ukraine has reached 40% of GDP, exceeding the threshold of macro-economic security

Written by admin on September 8th, 2009

According to the calculations of the Accounting Chamber of Ukraine (SP), the level of the shadow economy in the country becomes threatening volumes and accounts for 40% of gross domestic product. This was reported in the press service of the Accounting Chamber.

According to expert evaluation of the AccountingChamber, the level of shadowing of the economy has reached almost 40% of the gross domestic product, which exceeds the threshold value of the macroeconomic national security - said the report.

estimated the joint venture, in the first half of this year decline in real gross domestic product amounted to 19,7%. Consequently, the government's annual forecast for real GDP growth recorded in approving the state budget is unrealistic, resulting in a loss of projected revenues in excess of 20 billion UAH. Concerning the 1990 index of real GDP stood at 59.5%. This means that state's economy was on the 2004 level, - said in a statement.

The SP noted that the economic downturn led to a decrease in the financial ability of the taxpayers. Financial results from ordinary activities to the tax for January-May this year, compared with the corresponding period last year, decreased by 44 billion UAH., Or more than five times.

Help. In 2009 the revenues of the State Budget of Ukraine set at 239.215 billion UAH. (including the general fund - UAH 183.980 billion.) expenses - 267.677 billion UAH. (including the general fund - UAH 193.640 billion.). This is stipulated in the Law On State Budget of Ukraine for 2009, released in the official press.
The maximum size of the state budget deficit is set at 31.178 billion UAH., Including the deficit of the general fund - UAH 9.244 billion.

budget is calculated on the basis of these macro forecast for 2009: GDP growth - 0,4%, nominal GDP - 1.062 trillion. UAH., inflation - 9,5%, the producer price index - 12%.

Already in 2010 we can see the achievement levels of stock market 2000-2400 points on the RTS
Since traded in positive territory all liquid securities, and gains of certain amounts to several tens of percent, there is reason to note the September rally
MICEX has struck up a significant range of 1120 - 1130 points mark of 1,130 points can act as an important level of support
Dollar exchange rate came under pressure on the European session against major currencies
Technical Analysis for 08/09/2009
Kiev allow mobile commerce in the metro
NBU terrupravleniya ordered its banks to verify compliance with conditions of currency intervention on August 31 and September 1
In 1 half of 2009 net loss of Dixie IFRS amounted to 99 million rubles
Commodity markets: Daily comment for 08.09.09

 

Leave a Comment