Scale of rates is not single any more

Yesterday the Parliament put off introduction of Single Tariff Scale (STS) third phase from the 1st November to the 1st September, for that 1,127 billions hryvnas were provided. This amount is 273 billion hryvnas less as Cabinet was planning to spend for the same in July. The deputies are sure that less scaling increase of the budget expenses - only for 1,1 billion hryvnas – will not cause inflation speedup.

"Money issue speeds up price increase, but now this step just compensates consequences of buying power decrease",– Mr Peklushenko said. But the President of Ukrainian Society of Financial Analysts Yuriy Prozorov expects price increasing speedup in the end of 2008 – beginning of 2009. "Such increase of expenses can speed up the inflation just for 0,1-0,2% by itself. But in the context of social programs raise we should wait for inflation inhabitants expectations coming back",– he predicts.

The resource: Ъ-Ukraine