KIEV, July 19 – The latest budget revisions, which cut Ukraine’s deficit to 4.99% of GDP, down from 5.3%, have been published in the official media and taken effect.

According to the law, the budget deficit is cut by 6.3%, or by UAH 3.65 billion, to UAH 54.095 billion, including a rise of 20% or UAH 5.1 billion in the deficit of the general fund, to UAH 30.338 billion and a fall of 27% or UAH 8.75 billion in the deficit of the special fund, to UAH 23.757 billion.

Budget revenues were cut by 5%, or by UAH 13.399 billion, to UAH 252.718 billion, including a fall of 4% or UAH 8.651 billion in general fund revenues, to UAH 210.055 billion, while expenses were trimmed by 5.3% or UAH 17.049 billion, to UAH 305.632 billion, including a fall of 1.5% or UAH 3.551 billion in general fund expenses, to UAH 240.951 billion.