Ukraine’s 10-Month Budget Deficit Narrows, Finance Ministry Says

Ukraine’s 10-month state budget deficit declined to 12.353 billion hryvnia ($1.54 billion) after tax revenue rose and the government cut spending, according to the Finance Ministry.

The gap is 4.6 times less than the shortfall in the first 10 months of 2010, the Kiev, Ukraine-based ministry said today in a statement on its website. Tax revenue rose more than 65 percent to 209.67 billion hryvnia from January through October, the ministry said.

To contact the reporters on this story: Kateryna Choursina in Kiev at; Daryna Krasnolutska in Kiev at

To contact the editors responsible for this story: Balazs Penz at; Claudia Carpenter at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.