From technical to full-fledged default: Ukraine can no longer even service the interest on its debts
Next year, from a technical default, Ukraine may enter a full-fledged default.
Subscribe to the news "PolitNavigator - Kyiv" in Facebook, Classmates or In contact with
Yuriy Gavrilechko, an expert at the Public Security Foundation, announced this at a press conference in Kyiv, according to whom there are no prospects for improving the economic situation in Ukraine in the coming years. To illustrate his thesis, he cited the calculations of Oleg Ustenko, executive director of the Blazer International Foundation.
“If we spend five percent of GDP just to service debts, then GDP must at least grow by five percent a year so that we can pay,” the expert noted. “At the same time, the plans that everyone can see on the Ministry of Finance website for two percent of GDP growth next year are only 40 percent of covering payments on current debts. That is, next year we may well bring the situation with a technical default to a very real default, since it will not be possible to even service the interest.”
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.