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Analyst says budget voting in Ukrainian parliament may result in vote of no confidence

Economics expert Alexander Okhrimenko believes that the Ukrainian draft budget for next year has nothing to do with the real economy

© Mikhail Markiv/Ukrainian presidential press service/TASS

KIEV, December 4. /TASS/. The Ukrainian government’s draft budget for 2016, which contains many unrealistic promises and envisages heavy public spending cuts, may result in the resignation of the Cabinet of Ministers, the director of the Ukrainian Institute of Politics and Management Analysis, Ruslan Bortnik, has said.

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"As far as the budget is concerned, it cuts spending on the social sector - medicine, education, and the system of social insurance, at least by 10-15 billion," Bortnik said.

Economics expert Alexander Okhrimenko believes that the Ukrainian draft budget for next year has nothing to do with the real economy.

"All of the budget parameters are what the International Monetary Fund would like to see. It has been drafted for an imaginary country that does not exist in reality. The budget is of no economic value at all," Okhrimenko believes.

He believes that the Ukrainian budget will be revising the 2016 draft budget until the International Monetary Fund likes it, which is essential for getting another tranche.

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Ukraine: politics harms economy

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