International Monetary Fund believes that the planned Cabinet government deficit for 2010 of 4% of GDP is justified.

at the interview to the publication Kommersant reported the Permanent Representative of IMF in Ukraine Max Aler.

budget, which will give the Cabinet of Ministers to the Verkhovna Rada should be based on realistic economic projections. And we believe that the government planned for 2010 a deficit of 4% of GDP - a justifiable - he said.

According Alera, for the moment the main thing - to keep fiscal discipline.

The country should be enough resources that can be spent on financing of social programs. In view of privatization, the Cabinet will be able to support the level of social benefits, - adds Aler.

Permanent Representative of IMF in Ukraine also said that Ukraine should be a tax reform that would promote economic growth and provide a medium-term financial stability.

It is important to optimize the work of the State Tax Administration and to close loopholes in the tax in order to stabilize the tax burden. Now there is imbalance: there are people who have an enormous tax burden, but there are those who have little or no pay. Uniform distribution of the tax relief will allow reduce the tax pressure on those who pay the bulk of taxes - he emphasized.

In addition, as noted Aler, in general, it is essential that tax reform has become more friendly to investors.

in September, according to his data, re-visit the technical mission, which will work in this direction.

Regarding emissions, the IMF encourages the development of domestic market borrowing, as this will provide a stable source of government funding and will promote the development of the Ukrainian financial market.

As reported, the IMF predicts the next revision of the program of cooperation with Ukraine in October.

5 Nov, 2008 the IMF adopted a decision to stand by Ukraine loan worth about 16.4 billion dollars to overcome the problems in the economy.

November 10, 2008 Ukraine Fund allocated the first tranche of loan for 4.5 billion dollars.

8 May, 2009 Board of Directors of the IMF to provide Ukraine approved the second tranche of credit stand by in the amount of 2,8 billion dollars.

In August, the IMF has listed Ukraine, the third tranche of the loan stand by.

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