80% of funds allocated by the IMF to Ukraine the Government will use to stabilize the economic situation in the State and to modernize the national
economy. The Prime Minister of Ukraine Mykola Azarov said that in an
interview, Cabinet's press office reported.
"We have no plans to send the money to
finance the budget deficit - a goal is only about 20%
of the total tranche, and 80% will be invested in a major program of
modernization of our economy," Azarov said. He added that special attention would be paid to energy efficiency program.
The Head of
Government expressed hope that in 2011 the Cabinet would spend fewer resources on paying off the budget deficit: "We want to allocate more funds for
the program of development of our country. We have mapped out for ourselves the trajectory, based primarily on the magnitude of the tasks we face."
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