Ukraine's public debt will reach 68% of GDP at year-end - Marchenko

Ukraine's public debt will reach 68% of GDP at year-end - Marchenko

Ukrinform
Ukraine's public debt will amount to 68% of GDP at the end of 2020, Ukrainian Finance Minister Serhiy Marchenko has said in an interview with Radio Free Europe/Radio Liberty.

"Now we have a debt level of 85 billion U.S. dollars. How much is it in percent? We want to reduce it to 63.4% next year. Now it will be 68% at the end of the year. That is a projected forecast," the Finance Ministry's press service quoted Marchenko as saying.

He said that Ukraine was gradually emerging from the crisis and there was a risk the debt would increase slightly.

"Due to the relatively moderate and balanced debt policy in recent years, the national debt has dropped from 80% in 2015 to almost below 60% at the end of last year," Marchenko said.

Ukraine's draft state budget for 2021 envisages a reduction in public debt to 64.6% of GDP.

op

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-