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 IMF has no comments on Ukraine’s budget-2016, Finance Minister Jaresko says

The International Monetary Fund has got no observations regarding the adopted Law on State Budget of Ukraine for 2016.

This was stated by Minister of Finance of Ukraine Natalie Jaresko, Censor.NET reports citing Radio Svoboda.

"There are no comments on the budget regarding our commitments to the IMF. In general, it was adopted as a whole," she said.

See more: Ukraine's Finance Minister discussed conditions for granting third tranche of macro-financial assistance from EU. PHOTO

The Ukrainian delegation met with IMF Managing Director Christine Lagarde at the World Economic Forum in Davos late last week. The Ministry of Finance reported then that the main topics of the meeting were the final text of the updated memorandum on cooperation between Ukraine and the IMF, the budget for 2016 as well as decrease in the overall level of Ukraine's public spending from 53 percent of GDP in 2015 to anticipated 44 percent of GDP in 2016. The IMF did not report on the results of this meeting then.

Read more: "We expect next IMF tranche in February," - Poroshenko

The Verkhovna Rada of Ukraine adopted the state budget for 2016 on the night of Dec. 25, 2015. Adoption of the budget is an important component for allocation of the next tranche under the IMF Extended Fund Facility program in the amount of $1.7 bn as part of a four-year cooperation program totaling $17.5 billion.
 
 
 
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