27 May 2013 Federation of Employers of Ukraine. Development of Ukraine
Employers Have To Influence State Budget Setting Process
Participation of employers in fiscal policy shaping will increase efficiency of public spending and create additional opportunities for economic development of Ukraine. This was stated by President of the Federation of Employers of Ukraine Dmitry Firtash during the meeting of the Board of the organization in Kyiv on Monday.“Employers have to understand how budget funds are spent. We have to see clearly how the next year or 2-3-year budget is formed”, – said President of the FEU.
According to Dmitry Firtash, the Federation of Employers of Ukraine will submit its proposals for financing of priority economic sectors and regional development programs to the parliament, government, local authorities and administrations.
“Ukraine needs budget for development, budget that will have investment component”– said Dmitry Firtash. The FEU President stressed that only 10% of all state budget expenditures were directed for economic development. Such level of investment programs financing doesn’t allow developing domestic production. As a result, share of imported goods in the domestic market has reached 50%.
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.jpg "Ukraine Should Maintain Economic Impact on Crimea – Dmitry Firtash")
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