Ukraine Budget Measures Raise Alarm With IMF as New Talks Begin

The International Monetary Fund is raising concerns about a range of Ukrainian budget measures as the lender begins talks with the war-battered nation on a new four-year loan package.

Tax exemptions, including for Ukraine’s processing industry and for self-employed entrepreneurs, have raised concerns within the IMF, according to people familiar with discussions. The measures risk weighing on Kyiv’s already precarious fiscal position as Russia’s war with the country drags well into its fourth year, the lender has argued.