Cabinet of Ministers
Financial concerns increase after 2015 budget is presented
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KYIV – The Cabinet of Ministers of Ukraine led by Prime Minister Arseniy Yatsenyuk on December 23 presented to Parliament its 2015 central budget, which decides who will carry the economic burden as the country attempts to preserve its statehood in what is promised to be the most turbulent year since independence. The 2015 budget will also determine whether the government will qualify to receive the next IMF tranche of $2.8 billion expected in early February, as estimated by Ukraine’s top economists. The tranche is the Ukrainian government’s only hope for survival as its international reserves have dwindled to $7 billion – an 11-year low. Meanwhile, it has $11 billion in foreign debt obligations. Parliament voted to approve a calendar that would require a vote on the budget on December 30, with three sessions and two committee hearings before then.