OREANDA-NEWS. August 18, 2008. The Cabinet plans to carry out internal and external borrowings at USD 1 billion to cover a deficit of the State Budget 2008, First Deputy Finance Minister Ihor Umanskyi informed.

Most likely, according to him, they will be made in two tranches by USD 500 million each within a short period of time.

Umanskyi noted that it is necessary to carry out borrowings since the privatization program for the current year is fulfilled only by four percent, UAH 353 million (1 USD - 4.84 UAH).