Ukraine's budget deficit jumps threefold in January-June: official -- Shanghai Daily

Ukraine's budget deficit jumps threefold in January-June: official -- Shanghai Daily | 上海日报 -- English Window to China New:

"Ukraine's budget deficit jumped threefold from a year earlier in the first six months of 2013, a senior financial official said here Tuesday.

The budget gap stood at nearly 2.81 billion U.S. dollars in January-June, against 838 million dollars in the same period last year, said Tatiana Sysoeva, chief of Financial Policy Department of the Finance Ministry.

"In the first half of 2013, the budget deficit has shrunk significantly, but not so massively as expected," he told a round table here.

Ukraine's fiscal revenue in the first half of 2013 rose 0.8 percent year-on-year to reach nearly 17.8 billion dollars, he said.

Ukraine has projected its 2013 deficit at 6.3 billion dollars or 3.2 percent of the gross domestic product."

'via Blog this'