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| OUTPUT AND GROWTH |
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In 1999 the Ukrainian GDP totaled UAH 127.1 billion (USD 30.7 billion). Compared with the previous year, real GDP fell by 0.4 percent.
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| INCOME AND EXPENDITURES |
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During 1999, household incomes grew by 2.2 percent in real terms
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| GOVERNMENT INCOMES AND EXPENDITURES |
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The consolidated budget revenues amounted to UAH 32.3 billion in 1999, 94.4 percent of the annual planned figure. Tax revenues showed 97.9 percent execution.
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| INFLATION |
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Inflationary pressures were suppressed with price controls until the third quarter. However, in the fourth quarter high inflation returned
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| EXCHANGE RATE AND MONEY |
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Since beginning of the year, despite the government assurance in commitment to the tough monetary policy, the volume of money in the Ukrainian economy (M3) increased by about 40 percent
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| TAX ARREARS |
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During 1999 the nominal volume of tax arrears grew by 16.2 percent, or by UAH 1.6 billion. Over 40 percent of the total tax arrears comprise fines and penalties.
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Source: Ministry of Economy of Ukraine, "Ukraine: Review of Economic Situation" a section of Ukraine Macroeconomic Reform Project |
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