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