EDUARD POPOV—In short, the Ukrainian draft budget can be summarized by the old Russian proverb “the wolves are full and the sheep are whole.” But is this possible in reality? In previous publications, such as my contribution to the annual almanac of Russian Academy of Science’s Institute of World Economic and International Relations and in interviews with Radio Sputnik, I’ve given examples of the balancing acts that are so characteristic of Ukrainian statistics, such as the alleged 2% GDP growth rate attributed to 2016. A detailed analysis of revenues and expenditures based on the Ukrainian Ministry of Finance led me to the conclusion that real production in Ukraine is continuing to decline with the exception of some industrial branches showing more or less growth.
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