OREANDA-NEWS. The projected budget deficit in 2014 is not critical, and fits into norms for Europe. This was started by Prime Minister of Ukraine Mykola Azarov in the Exam for the Government program on the First National TV Channel on Friday.

"The budget deficit fits into traditional European framework. This is about 3.5%. We have a deficit of UAH 60 billion, GDP - UAH 1 trillion 653 billion that is about 3.5% of GDP. The deficit is not an extra large," the Prime Minister said.

According to him, the deficit would be zero, but then we had to cut expenditures by UAH 60 billion.

Mykola Azarov also said that it is possible to cover the deficit due to privatization and other incomes.

The Prime Minister stressed that the main document of the country must be adopted as soon as possible.

"The sooner we pass the budget, the sooner we can develop 2014," he said.