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Cabinet approves 2016 performance report

The document submitted to the Verkhovna Rada.

Cabinet approves 2016 performance report

Prime Minister Volodymyr Groysman at a cabinet meeting on Tuesday, February 14 presented the report of his government's activities for 2016. After the presentation, the 204-page document was submitted to the Verkhovna Rada.

The prime minister said the weighted policy and implementation of priority reforms enabled the government to ensure GDP growth, the dynamics of which exceeded the forecasts of many Ukrainian experts and international organizations.

In the first nine months of last year, the real GDP grew 1.3% including a 0.1% improvement in the first quarter over the Q1 previous year, 1.4% growth in the second quarter, and 2% growth in the third quarter. Overall, it is expected that Ukraine's economy will demonstrate an approximate 2% growth in 2016.

The growth was mainly to domestic factors, the report says including investment and consumer demand, while the negative impact of external factors was almost neutralized. An important factor of improvements in the economy were the initiated structural reforms.

The Verkhovna Rada approved Groysman as prime minister in April 14, 2016. On the same day, the new government program of action was adopted.