Next year’s big budget deficit will “crowd out” money that should go to the private sector at low interest rates for development, Dmitry Sologub, deputy head of the National Bank of Ukraine, warns in an interview with Interfax-Ukraine. Y”ou have such a large budget deficit,” he said. “You don’t allow the private sector and private lending to develop with such a large amount of borrowing.”
Next year’s big budget deficit will “crowd out” money that should go to the private sector at low interest rates for development
