Groysman confirmed: Ukraine’s external debt has reached 80% of GDP
The size of Ukraine's external public debt is 80% of the country's GDP.
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This was stated by Prime Minister of Ukraine Vladimir Groysman at a conference on reforms in Ukraine, which is being held in London, a PolitNavigator correspondent reports.
“80% of gross domestic product is equal to external public debt. This is a huge burden on our country. The budget deficit of the Pension Fund is 5% of GDP,” Groysman said.
According to him, Ukraine has to spend a lot of money on security and defense because of “Russian aggression.”
“There are other challenges that have to be overcome,” Groysman added.
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