You're reading: Markarova sees no prerequisites for cutting 2018 budget expenditures

Acting Minister of Finance Oksana Markarova does not see prerequisites for reducing budget expenditures in the current year, but allows the possibility of revising the budget towards increasing expenditures.

“This year we do not see prerequisites for budget cuts. We see clear trends towards budget execution, as well as the measures we still need to take to fulfill it on certain parameters and revenues,” she said in an interview with the Persha Shpalta program (UA Pershy).

At the same time, Markarova allows the possibility of revising the budget towards increasing expenditures.

“Time will show whether there will be the possibility to review the budget. But there won’t be definitely the revision towards reducing expenditures,” she stressed.

She noted she sees no preconditions for default.