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Ukraine is waiting for hyperinflation and the collapse of the economy

Ukraine is waiting for hyperinflation and the collapse of the economicandrei Senchenko, Minister of Finance of the government, as reported, by September of this year, predicts a strong collapse of the national currency, and, as a result, a significant increase in prices for all goods in the country.

In particular, at a meeting of the opposition government, he said that the state budget deficit actually exceeded the value of 170 billion UAH. in 2010, and taking into account the main state guarantees, this value exceeds 200 billion rubles.

“In fact, this gap that exists at the moment, between the unfulfilled desires of the government of N. Azarov, and the real opportunities that exist in the country at the moment, will be filled exclusively by the issue.”

This was stated by the shadow Minister.
Senchenko, however, is fully convinced that in the first quarter of 2010, the “incredible scale” of this mechanism was demonstrated.

Among other things, according to the politician, the situation that has developed today in the foreign exchange market in the country, as a whole, is stable, and this should not affect the exchange rate of the national currency in any way.currencies.

“But, despite everything, the current situation on the currency market will remain stable, unfortunately, for a very short time. Already today, the government is taking such measures that may affect the stability of prices in the country in any negative way, and may also lead to a complete collapse of the national currency, and a huge increase in prices for basic consumer and other goods, ” Senchenko concluded.

In addition, as previously reported, the opposition government now offers the Azarov Cabinet to create a new program that will be based on replacing Russian gas with coal from Ukraine, electricity, and some other non-traditional energy resources, and take all these factors into account when preparing the budget, and, in addition, the main program of the Cabinet’s activities for the coming year.

Recall that before the Prime Minister Mykola Azarov has said about the improvement of the General state of public finances.

 

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