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Ukraine Lawmakers Approve 2015 State Budget to Unlock Aid

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Ukraine’s lawmakers approved the 2015 state budget as the country seeks to unlock the next tranche of a $17 billion bailout loan from the International Monetary Fund.

The budget was backed today by 233 lawmakers in the 450-seat Kiev-based legislature at 4:30 a.m. after debating tax-code changes and other issues since 10 a.m. yesterday. Supporters of the bill sang the national anthem and Cabinet members hugged one another after the legislation was approved.