Regions will not have independence

Financial crisis will put off for several years possibility to hold reform of intergovernmental fiscal relations.

«Today it is impossible to estimate crisis consequences. In January, manufacturing fell by 34%. If this dynamic stays, in condition of total budget deficit there will be a question about Ukraine’s financial independence as a state. In such situation, we cannot speak about any budget reform more about liberal ones. Rather government may make a further reduction in the powers of local authorities in the allocation of finance», — the main financial analyst, Deputy to Director of a rating Agency Vitaliy Shapran supposes

The source: Socio-political and business weekly