Thursday, November 05, 2009

Budget deficit in 2009 can exceed 40 bln hryvna

Korrespondent reports that the budget revenue may fall 40 bln short of what has been planned. However, the real picture can not be known until the next year when the annual data becomes available. Traditionally, the budget revenue are much higher during  the last months of the year relative to the monthly average. Also, it is not clear how the government treat the IMF loan: surely, it has not been planned as a part of the government budget revenue but if the government include the borrowed money it can paint  rosier picture just before the presidential election.

According to the  law on state budget, the revenue of the budget are planned at 238 bln hryvna. The budget deficit is planned at 30 bln hryvna.

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