Ukraine Chases Cuts in ‘Unrealistic’ Budget to Meet IMF Pact

  • Nation faces ‘huge fiscal risks,’ finance minister says
  • Danylyuk is targeting two IMF aid tranches by end of 2016

Oleksandr Danylyuk

Photographer: Joseph Sywenkyj/Bloomberg

Ukraine’s government needs to cut spending to steer the 2016 budget back to the goal agreed on with international lenders, as delayed privatization and a weak economic recovery prevent revenue from keeping pace with costs, Finance Minister Oleksandr Danylyuk said.

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