Kiev is facing a $9.5 billion hole in its budget and a potential issue with an IMF bailout Kiev is facing a shortfall in foreign funds that were earmarked to cover its budget deficit next year, as the EU may provide only half of the $19 billion that the Ukrainian government was expecting, a top official has said. The looming budget deficit was predicted on Wednesday by Ukrainian Deputy Economy Minister Aleksey Sobolev during a television interview. He was reporting on progress with efforts to secure $53 billion in EU support over the next four years. Kiev has earmarked $41 billion of that sum to cover its financia
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