Page 41 - UKRRptSept18

market wages," Interfax news agency quoted Markarova as saying on August 24. The ministry is also working on the idea of creating the national welfare fund. "Such sovereign funds were previously created in the countries whose economy was built on oil and gas resources," she added. "But now their creation is not exclusively connected with the oil and gas sphere. Countries with different resources transfer part of their earnings to such funds and then use them for investment to develop other industries." Markarova added that in case of Ukraine this could be accumulation of funds to reduce the national debt. The Ukrainian government is going to reduce state debt to 60% of GDP by the end 2018, 52% of GDP in 2019 and 49% of GDP in 2020, according to a new government strategy for state debt management in 2018-2020 earlier this week.
41 UKRAINE Country Report September 2018 www.intellinews.com