Minister of finance of Ukraine Natalie Jaresko is convinced that it is impossible to cut public spending by 25% within one year, as assumed in some models of the tax reform which are subject to a public discussion today.
"Irrespective of any [tax] reform option we have the same target - budget deficit not exceeding 3.7% in 2016", minister of finance Natalie Jaresko said in today's press conference referring to the discussion about the draft of the tax reform.
Neither law nor simple logic makes it possible to make commitments on a cut in tax revenues without cutting budget expenses. Finance minister Natalie Jaresko made this statement in her today's press conference at the press-center of the Cabinet of Ministers referring to the discussion about the draft of the tax reform.
The Ministry of Finance is pleased to announce that on 14 October 2015 all sovereign and sovereign guaranteed bonds, with the exception of the December 2015 USD3bn bond, passed an Extraordinary Resolution approving the proposed restructuring.
The Ministry of Finance of Ukraine has received letters from the European Commission, Financial Reporting Council of Great Britain and the German Financial Supervision Commission approving the draft Law of Ukraine źOn financial reports audit and audit activity╗.
In order to engage public and business into the discussion of the tax reform proposed by the Ministry of Finance, the first public discussion źNational dialogue: discussion of the tax reform concept╗ initiated by the prime minister of Ukraine took place on October 12 in Lviv.
On October 9, Finance Minister Natalie Jaresko held face-to-face talks with her German and Russian counterparts, Wolfgang Sch?uble and Anton Siluanov, during the IMF-World Bank Annual Meetings in Lima, Peru.