Two key requirements of IMF remain unfulfilled: increase of gas price, depending on the price of import and balancing the state budget, according to ET’s article “Said goodbye, but forgot to say: Ukraine forces IMF to pack suitcases”.
According to the edition, IMF considers the state budget 2018 unbalanced and insists on revising the state budget in terms of cost reduction.
As the sources told the edition, familiar with lender’s position, the expediency of the revision of the budget deficit from 2.5% GDP to 3.5-4% GDP is discussed.
The balanced state budget is the key requirement, after fulfilling which IMF traditionally allocates funding to any country.
It means that even the adoption of the law on Anticorruption Court and raising gas rates does not guarantee the receipt of the tranche.
Immediately after approving the budget 2018, IMF stated that it has significant fiscal risks: rapid growth of expenditures and unrealistic revenues.