Economics
Ukraine's Dwindling Coffers Are Making Central Bankers Fret
- Deputy Governor Sologub says budget has liquidity problem
- Treasury-account balance falls to lowest in more than 4 years
Ukraine's central bank
Photographer: Vincent Mundy/BloombergThis article is for subscribers only.
Ukraine’s government coffers are running low and the central bank is worried.
The Finance Ministry’s account for paying pensions and public-sector salaries has plunged to its lowest in more than four years as budget revenue fails to meet the plan. Deficit goals remain intact and financing should be on the way from Eurobond sales and foreign aid. But help won’t arrive until differences with the International Monetary Fund are settled.