PM Groysman reveals Ukraine's external debt

UNIAN 2

Ukrainian Prime Minister Volodymyr Groysman says the country's external debt accounts for 83% of GDP.

Photo from UNIAN

"Now the external debt of Ukraine's economy is 83%," he told Forbes Georgian.

At the same time, the head of government stressed that Ukraine intended to continue cooperation with the International Monetary Fund and implementation of required reforms.

Read alsoUkraine’s international reserves increase to $18.8 bln in 2017 - NBUAs UNIAN reported earlier, the government stipulated the state debt around 84.6% of GDP in the 2018 national budget. Previously, Groysman said that Ukraine spent 4% of GDP for paying off its external debt, that is over UAH 100 billion ($3.5 billion) annually.

The Cabinet of Ministers of Ukraine in 2018 plans to borrow UAH 91.2 billion ($3.2 billion) at an average weighted rate of 9% per annum.