As expected, the Rada easily passed the corona crisis budget yesterday, largely with the overwhelming support of the majority Servant of the People party. The budget more than triples the budget deficit to GDP, from 2.1% to 7.5%. The budget is premised on a 3.9% GDP drop this year. The budget raises the national debt ceiling by 17%, to the hryvnia equivalent of $88 billion.
As expected, the Rada easily passed the corona crisis budget yesterday
