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Euronews
Euronews
Jorge Liboreiro

Ukraine cuts budget hole by $7bn but still needs allies to bridge gap

Ukraine Serhii Koretskyi Commission Brussels Kyiv

Ukraine has cut its $27 billion (€23.7 billion) funding shortfall to $20 billion (€17.6 billion) through austerity measures, Prime Minister Serhii Koretskyi said on Sunday, although he warned that it “remains an open question” how to plug the remaining gap.

The spending cuts will affect areas including road repairs and cultural projects, while military salaries will be protected.

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