Visiting Taras Shevchenko's National University, Victor Yushchenko said positive economic changes helped improve social standards. Real incomes of the population grew by 20%, he said. The government also raised the minimum wage and social payments and plans to fully fund this year’s elections. The President reiterated that almost all Ukrainian industries showed growth and the domestic stock market developed dynamically.

“I am convinced that Ukraine's economy has passed that lowest point of stagnation and it has been recovering over the past five months,” he said, President's press office informs.

Yushchenko believes these remarkable achievements helped balance our budget and reminded those present that budget revenues grew by 1.6 times last year while economic losses decreased from UAH 30 to 14 bln.

“The best indicator of economic growth is the behavior of the population,” he said, adding that banking deposits grew by 1.8 times in 2005.

Yushchenko said the government spared no effort to fund social programs, which had been neglected for many years, and cited convincing statistical data.


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