The draft budget for 2010 developed in September is obviously a pre-election patch-up, destined for revision as soon as the January presidential election is decided. The proposed spending plan is just too far from economic reality. Moreover, the budget fails to encompass measures the IMF has required. Such steps are essential for continued cooperation between the IFIs and the Ukrainian government. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.