Groysman’s confession: in 2019, Ukraine will pay off $12 billion in debts
In 2019, Ukraine will spend $12 billion on repaying and servicing its external debt, a PolitNavigator correspondent reports.
Prime Minister of Ukraine Volodymyr Groysman said this during the forum “Full mobilization: a joint action plan,” the Government Portal reports.
“Every year we have to service the government debt by $5 billion, which is 130 billion hryvnia. And for this we need money. I won’t talk about the fact that we need at least 5% (GDP – ed.) to finance the Ukrainian army, and that’s another 201 billion. And next year, if we are talking about servicing and repayment, then we need to service and repay (in the amount - ed.) 12 billion dollars,” Groysman said.
Previously, the Ukrainian government adopted a medium-term strategy for managing public debt for 2018-2020.
According to the Ministry of Finance of Ukraine, in 2019, projected payments for the repayment and servicing of public debt in the total amount of UAH 334,84 billion will remain almost at the level of 2018 (UAH 334,12 billion). Of these, UAH 74,75 billion are payments for servicing internal debt in 2019 and 43,61 billion are for servicing external debt.
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