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PM Shmygal discusses budget cuts with factions in Verkhovna Rada, - source

Source : 112 Ukraine

In addition, the establishment of a stabilization fund is being negotiated with the leadership of Ukrainian parliament and faction representatives
13:16, 26 March 2020

Open source

Prime Minister of Ukraine Denys Shmygal presented proposals for the sequestration of the state budget (its limitation or reduction of expenditures – 112 International) due to the spread of coronavirus. It was reported by RBC-Ukraine with reference to a source in the parliament.

"Prime Minister Denys Shmygal has yet submitted documents that were prepared by the government. All factions and groups have been provided with budget sequestration proposals," the source said.

Related: Ukraine’s government submits bill on banks to parliament within new IMF cooperation program

It is also noted that the establishment of a stabilization fund is being negotiated with the leadership of Ukrainian parliament and faction representatives.

"There is no final agenda yet. This is still the subject of final discussions with factions, groups and the government. We may not all be able to vote on Saturday," the source added.

As we reported earlier, European Investment Bank (EIB) plans to provide Ukraine with 40 million euros.

As it was stated by Ukraine's Minister of Communities and Territories Development, these funds would be used in order to take the necessary measures in overcoming the spread of coronavirus in Ukraine.

Related: Coronavirus in the world: Number of infected exceed 470,000, over 21,000 deaths

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