With the budget deficit looming as a problem, the government has started negotiating with the IMF to reduce it from next year’s forecast level of 6%, Prime Minister Shmyhal said Friday at a meeting in Lviv with students of Lviv Polytechnic National University. Due to heavy spending on coronavirus and road construction, the deficit is doubling this year, to 7.5% of GDP or $10 billion.
With the budget deficit looming as a problem, the government has started negotiating with the IMF to reduce it from next year’s forecast level of 6%
