A rise in the budget deficit for 2013 up to 50.4 billion hryvnias or 3.2% of the expected GDP is safe and useful, as it will stimulate domestic demand, NBU governor's aide Valery Lytvytski believes.

"The year 2013 must become a year of development of money supply but within safe limits.  Government's proposition on the rise in budget deficit stays within this policy," he said and added the economy needs stimulation.

Lytvytski also believes that this rise is not threatening for prices and stays within the limits of the expected inflation growth for 2013 - 4.8%.

At the same time, NBU aide noted that apart from stimulating the domestic demand, the authorities must spare no effort to increase Ukrainian export to Russian and European markets and to take all possible advantages from WTO membership.


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