ICU - Weekly Insight -- Budget deficit persists

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ICU

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Weekly Insight -- Budget deficit persists

Central government budget balance improved slightly in June, bringing the 1H18 budget balance to a deficit of UAH9.8bn.

31/07/2018 8 EN

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ICU

ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.

More information about ICU you can find at https://www.icu.ua/

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Gross international reserves of the NBU were up 10.1% in April and 6.6% YTD to US$46.7bn, an all-time high, on generous inflows of foreign financial aid. Specifically, Ukraine received a US$4.9bn loan from the EU within the ERA program and an US$1.3bn facility from the World Bank.

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Weekly Insight -- C/A improves on budgetary grants in March

In March, Ukraine’s current deficit narrowed to US$0.9bn as the inflow of foreign budgetary grants resumed.

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Last week, the MoF announced the results of its debut attempt to agree the terms of VRI restructuring. The initial offer was rejected by investors.

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Weekly Insight -- Budget deficit persists

Weekly Insight -- NBU reserves surge 10% in April

Weekly Insight -- C/A improves on budgetary grants in March

Weekly Insight -- Investors reject MoF's offer on VRI

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