KYIV, Oct 25 – The introduction of exit capital tax in Ukraine could affect revenue of the national budget, and the ability of the country to service external liabilities.
The Finance Ministry pointed out the respective risk in the preliminary offering memorandum for eurobonds.
"According to the assessments of the Economic Development and Trade Ministry, the introduction of the tax could result in a loss of around 1.2-1.3% of GDP, which would entail the large expansion of the deficit of the national budget and total reduction of expenses," the ministry said.
|