Share Tweet Pocket Add to Bookmarks
You're reading: G7 ambassadors urge Ukraine’s lawmakers to adopt IMF-compliant 2016 budget
Popular
on social media

The ambassadors of the seven industrial nations — United States, France, Italy, Japan, Great Britain, Germany and Canada — came down firmly on the side of the government’s budget proposal, pushed forward by Finance Minister Natalie Jaresko.

A rival tax and budget plan is being touted by members of parliament Nina Yuzhanina and Tetiana Ostrikova. However, according to Finance Ministry and International Monetary Fund estimates, the parliament plan would create a budget deficit larger than the 3.7 percent of gross domestic product set by the IMF.

At stake is another $4 billion in Western credits, including a low-interest $1.7 billion IMF third-tranche loan. Ukraine’s government will spend, in any case, less than $40 billion a year – about 40 percent of the expected 2016 GDP of $94 billion.

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: