Rada releases text of draft state budget 2018 with UAH 78 bln deficit

The Verkhovna Rada of Ukraine on Monday, August 18, has released the draft budget for 2018, earlier approved by the Cabinet of Ministers and submitted for consideration by MPs, with a deficit laid down at UAH 77.9 billion.

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The expected annual growth of real GDP amounts to 3%, according to the draft of the country’s main financial document.

As noted in the draft, planned revenues of the state budget for the next year are set at UAH 877 billion, while the expenses shall total UAH 948 billion.

Read alsoPoroshenko signs NSDC proposals for 2018 security, defense budgetThe limit of the state debt as of December 31, 2018 was set at UAH 1.999 trillion, with the ceiling of the state guaranteed debt set at UAH 747.6 billion.

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