KIEV, May 26 – Ukraine should cut its budget deficit this year in order to reduce external borrowing and to win confidence from foreign investors, Deputy Prime Minister Serhiy Tyhypko said Wednesday.

This is the first remark by a government official suggesting that the country’s budget deficit is too big, the same concern that has been delivered by the International Monetary Fund.

Tyhypko said Ukraine should cut budget deficit along with other European countries that are suffering from the fallout of a mounting Greek dept crisis.