Finance Ministry has taken a decision to retrench its own machinery expenditure cutting down.

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According to the State Treasury live data, the budget's general fund receipts in January-October 2008 totaled UAH 150 bn, up by 153,8% (UAH 52,4 bn) against the same period of 2007. Execution of revenue plan over 10 months made 106,5% with almost UAH 9,1 bn of extra budget revenues.

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Today the Finance Ministry of Ukraine represented a Project on modernization of public finance in the presence of the representatives of state authorities and international organizations. Project was jointly prepared with the World Bank.

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Government and the National bank of Ukraine reached agreement, subject to approval by International Monetary Fund (IMF) Management and the Executive Board, on an economic program which will allow Ukraine to obtain a loan of IMF to support economic stability of the country against the backdrop of world financial crisis.

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The International Monetary Fund Mission (IMF) proceeds to work in Ukraine, which is aimed at holding expert estimate of banking and fiscal system of Ukraine in view of a global recession.

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According to live data, during the nine months of 2008 the State Budget of Ukraine had a surplus of UAH 3,2 billion (on October 1, 2008).

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According to the State Treasury live data, the budget's general fund receipts in January-September, 2008 totaled UAH 98,2 bn, that is by 154,7% (UAH 47,5 bn) more than the same period of 2007. Execution of revenue plan during the nine months made up 107,2%, the budget received additional revenues at UAH 9,1 bn.

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UAH 121,0 mln are planned for implementation of 2009 Budget Anti-flood Program in Prykarpattya.

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According to the US Treasury Plan on Re-capitalize Global Banks - Ukraine can improve own financial image, reports JPMorgan after recent meeting in Kyiv with officials from the National Bank, government representatives, bilateral and multi-lateral creditors, local banks; Naftogaz, City of Kiev and business sector.

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The Verkhovna Rada has ratified an Agreement on realization of a Project for modernization of public finance between Ukraine and the International Bank for Reconstruction and Development.

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