Ukraine’s budget deficit of 7.5% is not a problem, according to the Prime Minister Denys Shmyhal. He said this during a virtual roundtable meeting entitled “Ukraine Reforms: What Next?” organized by Chatham House.
“This is a much smaller deficit than in many European countries, where the deficit can fluctuate at 10%. That is, 7.5% is the deficit agreed with the IMF during the negotiations,” Shmyhal said.
He said that the Ukrainian government understood the sources of covering the budget deficit and knw how to end this fiscal year.
“This is an economic indicator that is not a problem at all in terms of its coverage and this year’s budget,” Shmyhal said.
According to him, Ukraine’s foreign debt is $80 billion, “which is also an absolutely adequate figure for Ukraine’s GDP.” (Ukrinform/Business World Magazine)