The budget assumes a 2019 deficit to 2.3% of GDP

Госбюджет-2019 предполагает дефицит до 2,3% ВВП

The details of the budget of Ukraine to 2019

The Finance Ministry said details of the draft state budget of Ukraine for the next year.

The draft state budget of Ukraine-2019, approved by the government the day before, assumes a deficit of 2.26% of GDP, said the acting Minister of Finance Oksana Markarova Interfax-Ukraine, September 15

Markarova said that the proceeds from privatization in the project planned in the amount of 17 billion hryvnias.

“As for borrowing, it is assumed to be borrowing from our international partners, and market borrowing,” she said.

The Finance Minister said that borrowing for the General Fund is projected to total 324,7 billion hryvnia, of which the outer is the 122.7 billion, including from the issue, € 500 million EU macro-financial assistance and $ 50 million loan from the world Bank for the project of modernization of the social support of the population.

According to her, in the domestic market it is planned to attract UAH 202 billion in various debt instruments including foreign exchange.

“External borrowing in 2019 will amount to 37.8 per cent of total revenues, and internal – 62.2 per cent,” said Markarov.

She added that in 2019 is also expected to attract 21.2 billion hryvnia from foreign banks, sovereigns and international financial institutions to Finance projects of development of economy and the budgetary sphere, which will be reflected in the special Fund budget.

We will remind, the government approved the draft budget 2019 with revenues 1,008 trillion hryvnias and expenses of 1.09 triliona hryvnia.

Earlier it was reported that the state company Naftogaz of Ukraine plans to issue Eurobonds in amount of 500 million – one billion dollars.

 

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