The printing press will not be switched on to ensure budget revenues in 2013, economic development and trade minister Poroshenko told a briefing in the Cabinet, ForUm correspondent reports.

"I do not suppose that switching on of printing press could be the source of state budget revenue, as it corresponds neither to the law, nor to the economic policy," he said.

Poroshenko also excludes increase of tax burden on business to provide revenues. According to him, the increase in local and central taxes will ultimately lead to the payment, budget and fiscal deficits.

He refutes reports about the oncoming hryvnia devaluation. "As for devaluation, I think that the current rate should be the market rate. There are no prerequisites for sharp devaluation of the national currency," the minister said.

Poroshenko added that to have the stable exchange rate of the hryvnia, the state should promote the development of the economy and exports through increased labor productivity, the introduction of energy saving, reduction of gas consumption with decreasing gas prices and increasing income levels proportional to productivity.

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