Ukraine's GDP has fallen by half
In 2013, Ukraine spent three times less money on servicing external debts than today, writes Izvestia.
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The publication notes that in the post-Maidan years in Ukraine, the ratio of public debt to GDP changed.
“If in 2013 this figure slightly exceeded 40%, then at the beginning of 2017 it reached 81%. There are no official GDP data for 2017 yet, but the ratio should be approximately the same. This means that Ukraine’s GDP has fallen by half since the end of 2013, and it has become more difficult to service the national debt by about the same amount.
Let’s say, in 2018, Ukraine will spend 270 billion rubles (130 billion hryvnia) on this: every seventh hryvnia collected by the state in the form of taxes or from still profitable state property is used to repay debts and pay interest on loans. For comparison: in 2013, three times less money was spent on debt servicing,” the publication points out.
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