envisages hefty tax cuts, but also keeps plenty of loopholes. For that reason it is politically far more palatable. But that budget would probably lead to Ukraine running a budget deficit of 10% of GDP next year, entirely unsustainable for a government that cannot borrow on private markets.
envisages hefty tax cuts, but also keeps plenty of loopholes. For that reason it is politically far more palatable. But that budget would probably lead to Ukraine running a budget deficit of 10% of GDP next year, entirely unsustainable for a government that cannot borrow on private markets.
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『Ukraine threatens to wreck two years of economic reform』へのコメント
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