The budget deficit should be cut in half year – to 3% — in order to allow growth

The budget deficit should be cut in half year – to 3% — in order to allow growth, Maria Repko, deputy director of the Center for Economic Strategy told reporters at Interfax-Ukraine Friday. “Relations with the IMF are complicated, and the Ministry of Finance proposes to finance the deficit in the domestic market, where the necessary funds may simply not be available,” she said. While investors today hold $10 billion worth of government hryvnia bonds, the Finance Ministry wants to double those holdings, to $20 billion, by the end of next year, she said.