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 Budget approval does not guarantee new IMF tranche, - Finance Minister Jaresko

The Verkhovna Rada's approval of the state budget bill for 2016 is a prerequisite for providing of another tranche by the International Monetary Fund; however, it does not guarantee it.

This was announced by Finance Minister Natalie Jaresko at a briefing on Wednesday, Censor.NET reports citing Ukrinform.

"Budget approval is a prerequisite for receiving of another tranche from the International Monetary Fund. However, it is not a guarantee of this tranche. During the discussions of the draft budget in the Verkhovna Rada, our legislative package has been amended, and these amendments need to be agreed upon with the IMF," Jaresko said.

Read more: Hroisman signs state budget 2016 law

According to the minister, IMF might have questions regarding certain amendments to the Tax code and the budget law.

"I am not totally positive that these amendments will be agreed upon. There are questions about amendments in the expenditure budget, there are amendments in the tax section. Obviously, there are questions regarding structural reforms beyond the budget, which are the part of our IMF program. I mean anti-corruption activities, healthcare reforms, educational reforms, and the pension reform," Jaresko said.

She stressed that the Fund will provide its conclusions regarding the budget next year.
Источник: https://censor.net.ua/en/n367419