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PM: Budget surplus will allow foreign borrowing curtailment
Journal Staff Report

KIEV, March 27 The budget surplus that the government achieved over the first quarter of 2008 allows it to cut back on foreign borrowing, Premier Yulia Tymoshenko said in Kiev on Thursday at a meeting with diplomats.

"We have serious reserves, [which allows us] not to destroy the monetary policy with a budget deficit and as a result foreign borrowing," she said.




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