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Budget deficit widens on poor tax revenue
Journal Staff Report

KIEV, March 29 – Ukraine’s budget deficit widened significantly in the first quarter after many steel companies had resorted to controversial export transactions allowing them to cut tax payments, Finance Minister Viktor Pynzenyk said Wednesday.

The growing budget gap, expected at 3 billion hryvnias in the first quarter, emerges as the most pressing problem to confront the government that will be formed following Sunday’s general election.




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USD 26.50 26.43
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