Business news from Ukraine

UKRAINIAN CABINET OF MINISTERS EXPECTS REDUCTION OF BUDGET DEFICIT BY HALF

According to Prime Minister Denys Shmyhal, the approved documents provide for the reduction of the budget deficit by almost half and the return of this indicator to the planned 3% in 2023.
“The public debt is planned to be reduced to less than 50% of GDP,” Shmyhal said.
At the same time, from 2023, Ukraine will be able to enter a stable trend of economic development by 5% per year, he said.

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