Social security is over: Ukraine got into debt at huge interest rates
In the coming year, Ukraine will see a continuation of the previous economic policy: growing debts and a lack of investment projects.
Former Minister of Economy Viktor Suslov stated this on the NewsOne TV channel, a PolitNavigator correspondent reports.
“No economic miracle, leap or radical changes happened last year, and there are no plans for this year.
Our gross product growth will be slightly more than 3%, we do not have breakthrough ideas, we do not have large investment projects, but we have growing problems...
For us, one of the main results of last year was the emergence of a budget crisis caused by the artificial revaluation of the hryvnia, and the build-up of debts.
We increased our debt to non-residents on government bonds by 110 billion hryvnia.
That's a lot. Obviously, the government plans to continue the same policy in the future.
Accordingly, weak economic growth, new debt problems, unprecedentedly high interest payments on debts - all this limits the possibilities of solving social problems,” Suslov summed up.
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