Monday , February 17 2020
Home / economy / Ukraine started to get out of debt

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.

See also:  Discussion of gas supplies across the Caspian from Turkmenistan to the EU has reached a new level

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%.

See also:  In Ukraine is significantly more expensive cigarettes

© 2019, z-news.link. All rights reserved.

Check Also

Americans intend to finish “fallen” “Nord stream-2”

The United States intends to impose new sanctions against the “Nord stream-2”. On it informs …

Leave a Reply

Your email address will not be published. Required fields are marked *