The International Monetary Fund is concerned about the possibility of the budget deficit in Ukraine, Vice Prime Minister Serhiy Tihipko said before a meeting of the Council of Entrepreneurs under the Cabinet.

We have a positive trend in April and the first half of May to filling up the budget. So I think we can manage it, although we set fairly ambitious plans," he assured. The Vice Prime Minister also said that the issue of a date of the IMF mission arrival in Ukraine is still open. According to him, the main issue that remained to solve is to convince the IMF mission that Ukraine has mechanisms for filling the revenue side.

The IMF finds it difficult to name the date of the mission's visit to Ukraine to complete negotiations on the resumption of cooperation under a new program. "Discussions are continuing with Ukraine. The mission is not yet scheduled," Director of the IMF External Relations Department Caroline Atkinson said in Washington on Thursday.

Atkinson also said that the IMF will continue to adhere to the baseline scenario of a growth of the Ukrainian economy in 2010 by 3.7%. According to her, adjustments might be made on the basis of the mission and actions of Ukrainian authorities under a new cooperation program. Earlier, Vice Prime Minister Serhiy Tihipko predicted the beginning of the IMF mission in Kyiv on May 17.

Prime Minister Mykola Azarov said this week that the government complied with the key agreements with the IMF and looks forward to successful negotiations with its mission that will shortly arrive in Kyiv to finalize a new cooperation agreement. The Verkhovna Rada adopted the state budget with a deficit of 5.3% of the gross domestic product, blended with the previously promulgated IMF requirement of 6%. Earlier, the government officials have repeatedly said that they hope to get the first money from the IMF before the end of H1 2010.


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