Ukrainian parliament approves emergency budget with new deficit of 7.5pc of GDP

• The revised budget envisages the deficit rising to 7.5pc of gross domestic product, compared with an earlier target of 2.1pc, and the economy contracting by 4.8pc due to strict lockdown.

The revised budget envisages the deficit rising to 7.5pc of gross domestic product, compared with an earlier target of 2.1pc, and the economy contracting by 4.8pc due to strict lockdown measures imposed in Ukraine and around the world.