KIEV, Dec. 17 – The Cabinet of Ministers expects that the tax and budget package will be approved by Parliament on December 25, giving Ukraine to receive a new disbursement of $3 billion from the International Monetary Fund in early January, The Wall Street Journal reported, citing an interview with Finance Minister Natalie Jaresko.
"Ukraine’s government will pass fresh budget cuts and economic overhauls in the coming weeks in a bid to secure a broad new package of international assistance. Kiev hoped to receive another installment of loans from the International Monetary Fund early next month," she said.
Jaresko said that the key building blocks for the new budget are tax legislation, a law on social security contributions and one on decentralizing fiscal powers to the regions. She hopes to complete negotiations with lawmakers on this package on Wednesday and to pass a new budget before December 26.
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