Bloomberg News

Ukraine’s 2012 Budget-Gap Target Is ‘A Challenge,’ Fitch Says

October 28, 2011

Oct. 28 (Bloomberg) -- Ukraine’s aim of narrowing its 2012 budget deficit to 2.5 percent of gross domestic product is “a challenge,” said Charles Seville, director of Fitch Ratings’s sovereign team.

The government’s ability to finance this year’s budget shortfall is also a “concern,” Seville said today at a conference in the Ukrainian capital, Kiev, citing low demand for local debt and a lack of access to the Eurobond market.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Andrew Langley at alangley1@bloomberg.net


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