Finance Ministry negotiates with IMF on state budget for 2021

Source : 112 Ukraine

The parameters of the state budget for next year coincide with the estimates of the Fund
10:41, 26 November 2020


Ukrainian Finance Ministry has announced the successful completion of negotiations with the International Monetary Fund (IMF) on the state budget for 2021. This was reported by the ministry's press service.

It is noted that the state budget's assessment was one of the preconditions for the beginning of the first revision of the joint program with the IMF. In the future, the date of the visit of the IMF's European Department mission and potential tranche's provision will also be determined.

Related: Zelensky, IMF head discuss Ukraine's progress in fulfilling commitments under stand-by program

"The main focus of the talks was the formation of a common vision with the IMF of the main budget indicators - the framework of revenues, expenditures, and deficits," the statement said.

As we reported earlier, the International Monetary Fund (IMF) has recently conducted an assessment of Ukraine's tax policy.

"Tax policy in Ukraine is engaged in two fronts at once. On one front, very significant work has been done over the years on the gradual improvement and updating of the tax system; on the other, it questions essential tenets of the existing system, exploring fundamental changes to it," reads the message.

Related: Five billion goal: Ukraine's commitments to IMF?

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