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

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 th...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Ukraine 
653 |a Depository Institutions 
653 |a Inflation 
653 |a Energy: Demand and Supply 
653 |a Public debt 
653 |a Import prices 
653 |a Banks 
653 |a Labour 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Deflation 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Debts, Public 
653 |a Debt 
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653 |a International Lending and Debt Problems 
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653 |a External debt 
653 |a Debts, External 
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653 |a Sovereign Debt 
653 |a Price Level 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
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653 |a Energy prices 
653 |a Imports 
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520 |a 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