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Ukraine started to get out of debt

Украина начала выбираться из долгов

The ratio of government debt of Ukraine to GDP declined to 59 percent in the first quarter of 2019, writes “Economic truth”.

It is noted that this was the first time in 2014. According to the national Bank of Ukraine, the decline in debt was due to payments on the guaranteed debt, in particular to the International monetary Fund, as well as maintaining a positive primary balance and the strengthening of the hryvnia.

It is also indicated that a key source of deficit financing remained of borrowing on the domestic market — both in national and in foreign currency. Most of them amounted to short-term securities.

In April, the Prime Minister of Ukraine Vladimir Groisman said that in 2016 the amount of debt was steadily decreased and reached a safe border. By year-end, its share will be reduced to half of the state GDP, over the next two years to 41.4%.

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