KIEV, Dec. 13 – The government forecasts that the growth of Ukraine's gross domestic product in 2012-2013 will accelerate to 6.5% annually, from 4.5% in 2011, according to the explanatory note to Ukraine's national budget for 2011.

"The expansion of investment and domestic consumer demand, and the higher efficiency of the use of production and financial reserves will ensure the growth of real GDP [rises to] 6.5% in 2012 and 2013," reads the note posted on the parliament's Web site.

According to the document, the forecast of Ukraine's economic development in 2012 and 2013 takes into consideration the influence of tax reform, the government's new social and economic policy aimed at invigorating the processes of national production modernization, an improvement in the business climate, the creation of favorable conditions conducive to investment, and the positive results of Ukraine's hosting the Euro 2012 European Football Championship finals.