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NBU chief says war of attrition requires Ukraine to change economic policy
Journal Staff Report

KYIV, Aug 16 The war with Russia is turning into a protracted battle of attrition, so it is necessary to reformat economic policy priorities for a long game, including taking decisive measures to reduce the state budget deficit and its non-equity financing, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said.

"Despite the unpopularity of such complex decisions, now more than ever it is important that the government takes political responsibility and finds ways to reduce the budget deficit, minimize the emission financing of the deficit," he wrote in a column on lb.ua.

According to him, since the beginning of the full-scale war, the state budget deficit has expanded significantly and by the end of the year it could reach 25% of GDP (if international grants are deducted from budget receipts).




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Currencies (in hryvnias)
  27.09.2022 prev
USD 36.57 36.57
RUR 0.631 0.631
EUR 37.27 37.27

Stock Market
  26.09.2022 prev
PFTS 519.2 519.2
source: PFTS

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