Cabinet consulting with IMF on possibility of reducing 2020 state budget deficit - Shmyhal
Prime Minister of Ukraine Denys Shmyhal says the government is in talks with the International Monetary Fund (IMF) on the possibility of reducing the state budget deficit for 2021.
"The income part today is less than the expenses that we have to carry out. A deficit arises, the deficit is covered from various sources, in particular from borrowed. These are international loans, external borrowing and internal borrowing ... This year the deficit is 7.5%, about UAH 298 billion. Next year we plan 6%, but now we are negotiating with the International Monetary Fund to reduce it a little," Shmyhal said at a meeting with students of the Lviv Polytechnic National University in Lviv.
The prime minister stressed that the government will fulfill the 2020 budget and the 2021 budget.
According to him, the authorities expect a moderate economic growth, which has already begun.
Advertising
Advertising
MORE ABOUT
Of nearly $61 bln in total US aid, $49.9 bln provided for defense spending – Shmyhal
15:04, 22.04.2024
Govt approves concept of state program on use of AI in priority sectors of economy
10:21, 16.04.2024
Ukraine's Finance Minister holds number of meetings within World Bank-IMF Spring Meetings in Washington
09:28, 16.04.2024
Participants in IMF and World Bank spring meetings to discuss support for Ukraine
20:08, 12.04.2024
Govt makes changes to distribution of state subsidies for arrangement of shelters in schools - Shmyhal
14:26, 12.04.2024
LATEST
Concorde Capital to carry out large-scale reconstruction of Kyiv bus station
20:54, 24.04.2024
DTEK machine builders complete delivery of 30 transport trolleys for Pavlohradvuhillia
20:24, 24.04.2024
Ukraine receives EUR 1.5 bln in Bridge financing from EU under Ukraine Facility – Ministry of Finance
14:16, 24.04.2024
Ukraine to secure additional EUR 100 mln from Council of Europe for healthcare reconstruction
20:42, 23.04.2024
Ukraine ships over 200,000 tonnes of food aid to African countries through Grain from Ukraine