REUTERS
The curbs have been offered as a result of the coronavirus spread affecting the economy.
The Verkhovna Rada, Ukraine's Parliament, on Monday lacked votes to pass the amendments to the 2020 state budget of Ukraine, proposed by Government.
The draft was sent back to the relevant parliamentary committee for revision before another first reading attempt.
Only 223 MPs backed the adoption of bill No. 3279 with the required minimum of 226 votes. A total of 273 lawmakers voted for sending the document to the relevant parliamentary committee for revision, and 240 MPs voted for reducing the time of preparation for first reading, according to an UNIAN correspondent.
As UNIAN reported earlier, the project proposed to reduce budget revenues by UAH 100 billion (US$3.6 billion), increase costs by the same amount, and, accordingly, increase the deficit by UAH 200 billion ($7.2 billion), or up to 6% of GDP.
Read alsoUkraine's Cabinet revises downward economy outlook for 2020
Earlier, the Cabinet of Ministers approved an updated macroeconomic forecast for the current year, according to which the GDP is expected to fall by 3.9%, inflation – to accelerate to 8.7%, and the average annual hryvnia exchange rate – to rise to UAH 29.5 to the U.S. dollar.