Bloomberg: Ukraine’s six-month state budget gap narrows, ministry says

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Aug. 2, 2012, 9:44 a.m. | Ukraine — by Interfax-Ukraine

Ukrainian Finance Minister Yuriy Kolobov

Ukraine’s first-half state budget deficit narrowed from a year earlier as revenue rose 16.9 percent, the Finance Ministry said.

The shortfall was Hr 6.7 billion ($826 million), compared with Hr 10.96 billion in the same period of 2011, the ministry, based in the capital, Kyiv, said today, Aug. 1, in a statement on its website. Revenue increased to Hr 162.96 billion from 139.35 billion, the ministry said.

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