: :inin Kyiv (EET)

Ukraine approves 2016 budget to unlock western aid

KIEV (AFP) – The Ukrainian parliament on Friday adopted a budget for next year with a deficit of 3.7 percent of GDP, crucial for unlocking much needed aid from the IMF and Western countries.The budget was passed after an acrimonious all-night debate and was finally approved by 263 lawmakers, about 40 more than the minimum required.The cash-strapped and war-scarred country badly needs aid and the adoption of the 2016 budget is a key condition to secure the release of a delayed $1.7 billion (1.6 billion euro) tranche from the International Monetary Fund and other Western aid.The process was long and …read more

Source: Dunya TV

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