In an interview with journalists in Ternopil, Victor Yushchenko said Ukraine’s economy could develop "at a record pace." He reminded that this year the GDP rate had grown by 1.5%, President's press offce reported.

“I think this will help us to have Ukraine's greatest economic growth in 2006,” he said.

Yushchenko opined that a developing economy was a necessary condition to create new jobs and reiterated that the government had created 1. 149 mln jobs in 2005.

“This year we will have to overcome the same bar,” he said.

The Head of State assured the nation that the economy and inflation would be stable after elections.

“There are no reasons for currency and price instability,” he said. “Inflation occurs when there is a budget deficit. Then we print more money but there are no new goods and it makes prices grow,” he explained, reminding his interviewers that this year’s budget deficit is only 1.2%. “This deficit is excellent for our transition economy.”

The President assured that his team “knows how to ensure economic growth.”


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