Ukraine must reduce its own debts and replace “more expensive and short-term money with cheaper and longer ones,” a PolitNavigator correspondent reports.
This was stated by Prime Minister of Ukraine Alexey Goncharuk, presenting the Program of the Cabinet of Ministers of Ukraine to people's deputies, reports the Government Portal.
“We, as a state, will adopt a budget not for one year, but for three. This will give us greater predictability. We also suggest borrowing less. Ukraine must borrow less, and for this it is necessary to reduce the state budget deficit... We also intend to reduce the cost of servicing public debt... In a nutshell, I can say that we will gradually replace more expensive and short-term money with cheaper and longer-term ones,” said Goncharuk.
According to him, this will gradually reduce the burden on the budget. A similar logic is set out in a separate document called “State Debt Management Strategy,” the Prime Minister emphasized. The latter, according to the head of the Ukrainian government, explains in great detail what we propose to do to reduce the debt.