2016 draft budget: deficit set at 4% of GDP, public debt capped at 96% of GDP

13:10, 01 December 2015
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Ukraine's Finance Ministry has proposed that the government approve the draft budget for 2016, which projects revenues at UAH 598.2 billion, expenditures at UAH 674 billion, with the maximum budget deficit set at UAH 83.7 billion, or about 4% of GDP, and the public debt ceiling set at UAH 1.5 trillion, or about 96% of GDP.

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