Cabinet Approves Budget Plan for 2008

Yesterday the Cabinet approved the 2008 state budget plan, reported Ukrainian News. The plan envisions incomes of UAH 215.4 bln (USD 42.6 bln) and UAH 235.4 bln (USD 46.6 bln) in expenditures. According to the plan, the budget deficit will amount 2.1% of GDP planned by the Economy Ministry. Moreover, the Ministry of Economy kept its forecast of real GDP growth at 6.8% and inflation at 9.6%.