Rada fiscal initiatives aim to 'reverse progress,' IMF director warns
KIEV, July 13 – The package of seven fiscal bills which Ukraine's parliament is expected to consider this week, if adopted will raise the expenditures of the state budget by nearly 2% of GDP in the remainder of 2015 and 3.5% of GDP in 2016, significantly undermining the ongoing efforts to restore fiscal sustainability and macroeconomic stability in Ukraine, the International Monetary Fund said. |