October 18, 2019 / 12:45 PM / a month ago

Ukraine parliament passes provisional budget for next year

KIEV (Reuters) - Ukraine’s parliament approved the government’s budget for next year at the first reading on Friday, a step that is required for the International Monetary Fund to approve a new loan deal for the country.

The government’s budget draft currently sees the budget deficit at 2.09% of gross domestic product, economic growth at 3.3% and inflation at 6%. The draft will be examined by a parliamentary committee before being voted on a second time.

Reporting by Natalia Zinets and Pavel Polityuk; Writing by Matthias Williams; Editing by Alison Williams

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