Ukraine Budget Vote Seeks to Clear Way for Next IMF Tranche - Bloomberg Business

Ukraine Budget Vote Seeks to Clear Way for Next IMF Tranche - Bloomberg Business:

"Ukraine’s parliament approved next year’s budget as it seeks to clear the way for the government to receive delayed funds from a $17.5 billion bailout to help the economy recover from recession.
The budget, a compromise between lawmakers and the cabinet, was passed by 263 votes in the 450-seat legislature. It envisages a shortfall of 3.7 percent of gross domestic product, in line with demands set out by the International Monetary Fund.
“The budget approval is an important step to receive the next tranche from the IMF and other international financial aid linked to it,” the Finance Ministry said early Friday in an e-mailed statement as debates dragged on until 4 a.m. in Kiev. “However, the IMF’s experts will analyze separately whether the budget meets IMF program criteria.”"



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