World Bank forecasts Ukraine’s budget deficit at level of 3.1% of GDP

World Bank forecasts Ukraine’s budget deficit at level of 3.1% of GDP

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Ukrinform
World Bank forecasts Ukrainian budget deficit at the level of 3.1% of GDP.

World Bank's Lead Economist and Program Leader for Ukraine, Belarus, Moldova Faruk Khan stated this at a press conference, an Ukrinform correspondent reported.

"In 2017, we forecast the budget deficit at the level of 3.1% of GDP," Khan said.

He explained that this forecast was based on the increase in the minimum wage and large deficit of the pension fund.

"The state-guaranteed debt is forecasted at the level of 90% of GDP in 2017 due to the costs associated with the nationalization of PrivatBank," Khan added.

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