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06.04.2018 | 13:09
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Finance Ministry continues reducing state debt

The Finance Ministry forecasts the sate debt will reduce to 60% of GDP by 2020

The Finance Ministry forecasts the sate debt will reduce to 60% of GDP by 2020. 

It was reported by the Finance Minister Oleksandr Danyliuk in the Parliament. 

"The budget resolution envisages a reduction in the deficit of the state budget to 2.2% next year... It will enable us to reduce the level of debt to about 60% by 2020," he said.

Danyliuk recalled the joint public debt of Ukraine decreased to 71.8% from 80.9% of GDP in 2017. 

Public and guaranted government debt of Ukraine in USD increased by 7.5% or in USD 5.33 billion up to USD 76.31 billion over 2017.

In 2016, total public debt of Ukraine augmented from USD 65.51 billion to USD 70.97 billion. 

References in the article: state debt, finance ministry, deficit, danyliuk
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