Ukrainian 2020 Budget

RUSSIA / FSU POLITICS - In Brief 17 Apr 2020 by Alex Teddy
On April 13 the Ukrainian Parliament passed its 2020 budget. This anti-crisis budget is predicated on the following predictions: 3.9% drop in GDP, 8.7% inflation and 9.4% unemployment. The deficit will probably increase threefold to USD 11 billion.The Ministries of Health will get an increase of USD 554 million and Social Services will get an extra USD 702 million. There is also a USD 2.3 billion fund to combat COVID-19. Three Ministries are being slashed. These are Culture, Territorial Development and Science.Another law was passed to speed up the legislative process. This is a reaction to Kolomoisky's minions tabling 16 000 amendments to the anti-Kolomoisky Bill. As a country that exports relatively little oil and gas Ukraine is less severely impacted by the fall in oil prices.

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