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Ukraine’s treasury deficit to total 7.3% of GDP

Staff writer ▼ | November 27, 2015
Ukraine’s Finance Ministry expects treasury deficit to stand at 7.3% of GDP by the end of 2015, the Minister Natalie Jaresko wrote in an article published in Ukrayinska Pravda.
Natalie Jaresko
Treasury   Minister Natalie Jaresko:
"In 2014, total treasury deficit equaled to 10.1% of GDP while in 2015 planned deficit will stand at 7.3% of GDP (including Naftogaz)," the minister said.

In August, the country’s President Petro Poroshenko said Naftogaz’ deficit totaled $1.25 bln.

According to Jaresko, Ukraine will cut its treasury deficit almost by half. "Our aim for 2016 is to adopt a budget that will ensure further state financial recovery, particularly by reducing budget deficit to 3.7% of GDP including Naftogaz," she wrote.