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Ukrainian president signs budget law for 2013

December 17, 2012, 17:45 UTC+3

Privatisation revenues in 2013 will reach 1.36 billion U.S. dollars

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KIEV, December 17 (Itar-Tass) —— Ukrainian President Viktor Yanukovich on Monday, December 17, signed the law on the state budget for 2013.

The parliament approved the budget for 2013, proposed by the Azarov government, on December 6, with a deficit of 6.3 billion U.S. dollars, or 3.2 percent of the projected nominal GDP.

The budget is based on the Russian gas price of 421 U.S. dollars per 1,000 cubic metres compared to 416 U.S. dollars in 2012.

The overall amount of foreign borrowing in 2013 is expected to exceed 5.3 billion U.S. dollars. The maximum state debt is to exceed 60 billion U.S. dollars.

The government also plans to provide guarantees in the amount of more than 6 billion U.S. dollars.

Privatisation revenues in 2013 will reach 1.36 billion U.S. dollars.

The government proposed to raise the minimum wage in 2013 by nearly 9 U.S. dollars.

The opposition criticised the government’s draft budget and did not vote on it.


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