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Under the bill, the state debt is capped at US$86 billion as of December 31, 2020.
Ukraine's Cabinet of Ministers proposes that the maximum deficit of Ukraine's national budget for 2020 be set at UAH 95.13 billion (US$3.8 billion).
Read alsoUkraine's new Cabinet drafts changes to 2019 budget to overcome deficit
"This is to set the maximum deficit of Ukraine's national budget at UAH 95,130,530,000, as well as the maximum deficit of the national budget's general fund at UAH 73,236,120,700 [US$2.96 billion] and the maximum deficit of the national budget's special fund at UAH 21,894,409,300 [US$884.09 million]," the relevant bill posted on the Verkhovna Rada's website said.
Under the bill, the state debt is capped at UAH 2,127,687,340,500 (US$86 billion) as of December 31, 2020. The maximum state and government-guaranteed debt is fixed at UAH 335.567 billion (US$13.6 billion).
As UNIAN reported earlier, the Cabinet of Ministers suggested that the deficit of Ukraine's national budget and the public debt in 2020 be reduced to 2.09% and 46.7% of GDP, respectively.