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Ukraine’s budget deficit amounts to over $1,1 billion

Source : 112 Ukraine

This year’s consolidated budget of Ukraine in January-March was executed with a deficit of 639 million dollars
09:22, 28 April 2020

censor.net.ua

In January-March 2020, the deficit of Ukraine's state budget amounted to 1.18 billion dollars, which is 1.25 times higher than in the same period last year. Such data are presented on the website of Ukraine’s State Treasury Service.

This year's consolidated budget of Ukraine in January-March was executed with a deficit of 639.2 million dollars, which is 1.9 times higher than the deficit that was recorded during the same period of 2019 - in the amount of 330 million dollars. At that time, the state budget deficit in January-March reached 966.7 million dollars.

Related: Ukraine revised 2020 programme budget due to Corona crisis: Who to draw their belts tight?

As we reported earlier, Ukraine's Minister of Finance Serhiy Marchenko said that Ukraine was counting on two tranches from the International Monetary Fund for a total of 3.5 billion dollars in 2020.

"By the end of the year, $ 3.5 billion is expected. At the moment, we are talking about two tranches of 1.75 billion dollars," the minister said.

According to him, the final sum is still a matter of discussion and Ukraine wants to increase it. The total amount under the EFF program is $8 billion.

Related: International procuring entities of drugs owes over $5 billion to Ukraine

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