The IMF saw the risks in the budget in 2018, do not exclude the possibility of revising the document

Experts of the International monetary Fund last days actively exploring the law “On state budget of Ukraine to 2018”. And if the deficit, as agreed, is registered at 2.5% of GDP, there are many issues and profits, and expenses.

About it writes Reuters.

“In General, we agree with the planned budget deficit for next year. However, we see significant risks in the item of income and expenditure”, – said the head of IMF in Ukraine Jost Longman after the adoption of the state budget of Ukraine for the year 2018, and amendments to the Tax code.

The IMF noted that he will discuss with the government of Ukraine different nuances regarding laws and do not rule out that a detailed study of the document shows that it is necessary to adjust. And it will be a new reason pochesu Fund will not give the next tranche of the loan of 2 billion dollars until you make changes to the budget.

Now Ukraine is a member of the eff from the IMF, which provides for the allocation generally of 17.5 billion dollars. However, the Fund stated that Kiev is not in time embodies the promised reforms, and therefore gets tranches late.

We will remind, earlier the managing Director of the IMF Christine Lagarde urged Ukraine to speed up reform to fight against corruption, in particular regarding the establishment of an anti-corruption court. Among other requirements of the Fund is to provide clarity and to correct the pension reform that have already begun to implement. Also, the IMF requires the land reform (lifting the moratorium on sale of agricultural land), the increase in the cost of gas for the population (and determine the formula of this increase). The last two requirements, specifies Reuters, the power to realize not in a hurry, because they are not popular among the population, and especially it will not add points of power on the eve of presidential and parliamentary elections.

Early actions of the Parliament and prosecutors against the existing anti-corruption institutions, including the NAB, have also triggered a wave of criticism of the reformists in Ukraine and its foreign partners, including the IMF.

  • the state budget
  • IMF

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