Experts rate government anti-crisis steps as effective

Tymoshenko.ua

Experts say that the Yulia Tymoshenko government has managed to keep the socio-economic situation at bay and on a stable level despite the financial crisis.

"Analysis of the anti-crisis policy of Ukraine demonstrates that government has during the year made decisions and succeeded with anti-crisis measures, which overall were logical and directed at anti-crisis actions in our country," the director of the Institute for Economic Research and Policy Consulting, Ihor Burakovsky, said during a roundtable discussion in Kyiv on "Socio-Economic Results of 2009."

According to the expert, government has implemented measures which helped "soften crisis manifestations for certain economic sectors and strata of society. In particular, [the government] managed to buttress the social sphere despite all of the present problems. The social sphere is the most legally protected…Taking into account the specific gravity of protected budget items, reduction in budget expenditures, as was successfully done in other countries, didn’t happen in Ukraine."

The economist also emphasized that "over the course of the year, the government in fact worked as a minority in spite of a parliamentary coalition, because throughout the year the government had to react to opposition from the National Bank of Ukraine. Thus, we have been witnesses to constant opposition of institutions of power."

During the roundtable, political analyst Ihor Zhdanov also voiced certainty that "in spite of the apocalyptic scenarios at the beginning of the year that the country won’t have money to pay salaries and pensions, the government managed to hold on to the socio-economic situation."