REUTERS
Financing the budget will be increased by the sum of government domestic loan bonds to be issued for such swap.
Ukraine's Cabinet of Ministers proposes buying shares of privately owned resident companies in exchange for government bonds.
This is stipulated in bill No. 3279 to amend the national budget for 2020, published on the website of the Verkhovna Rada, Ukraine's parliament.
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"To ensure financial recovery of business entities that are residents of Ukraine, equities (shares) of business entities that are residents of Ukraine may be acquired in exchange for government bonds of Ukraine in keeping with a Cabinet decision in the manner prescribed by law," the document says.
Financing the budget will be increased by the sum of government domestic loan bonds to be issued for such swap.
As UNIAN reported earlier, Ukraine's government approved and submitted for consideration by the Verkhovna Rada, Ukraine's parliament, draft amendments to the 2020 national budget, suggesting that the budget deficit should triple, or increase by UAH 202.1 billion (US$7.2 billion), to UAH 298.4 billion (US$10.6 billion).
The Cabinet also approved an updated macroeconomic forecast for the current year, predicting a 3.9% decline in Ukraine's GDP, 8.7% inflation, and the average annual forex rate of the hryvnia against the U.S. dollar at UAH 29.50.