PM Shmyhal: State budget to be fulfilled this year

Prime Minister Denys Shmyhal says that the current economic situation enables Ukraine to fulfill the 2020 budget.

"The tax service has already fulfilled the annual revenue plan, while the customs is still lagging behind in the planned revenues. There are some reasons for this.  It was not at once but we managed to change the management of the customs to remove abuse of power, corruption and bring order to its work,” said Shmyhal, the Government portal reports.

The prime minister also stressed that there is the market for external and internal borrowing to cover this year’s budget expenditures - traditional sources used by Ukraine during the Independence years.

"We still have a few auctions to place government domestic loan bonds. Of course, these will be short- and medium-term borrowings, and they will be more expensive (at 10-13% per annum in hryvnia) than IMF funds," Shmyhal said.

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