Ukraine government plans up to 16 pct cut in budget spending- PM

MOSCOW, March 3 Mon Mar 3, 2014 8:39am EST

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MOSCOW, March 3 (Reuters) - Prime Minister Arseny Yatseniuk said on Monday Ukraine's new government planned to cut budget spending, and set out plans that would amount to a reduction of about 14 to 16 percent.

He made his remarks in comments to businessmen as Ukraine prepares for talks with the International Monetary Fund on financial assistance to avert the danger of bankruptcy.

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