Over US$21 bln to be spent on public debt payments in 2021 – finance minister.



Ukrainian Finance Minister Serhiy Marchenko says the draft national budget for 2021, which was approved by the Cabinet of Ministers on September 14, 2020, provides for the allocation of UAH 599.8 billion (US$21.4 billion) for the repayment and servicing of the public debt.

In particular, UAH 439.3 billion (US$15.7 billion) will be spent to pay off the public debt, while UAH 160.5 billion (US$5.7 billion) will be spent on debt servicing, he told a briefing on Monday, as reported by an UNIAN correspondent.

Read also Int'l reserves exceed $ 29 bln Noteworthy, payments on official loans are estimated at UAH 2.4 billion (US$85.7 million), those on loans from international financial organizations at UAH 43.8 billion (US$1.6 billion), and payments on commercial loans at UAH 112.3 billion (US$4 billion).

Another UAH 112 billion (US$4 billion) is envisaged for payments on government domestic loan bonds in foreign currency and UAH 328.6 billion (US$11.7 billion) for payments on those in Ukraine's national currency.

2021 Budget: latest

Author: UNIAN

Related news

Ukrainian business receives UAH 8B under Affordable Loans program – Marchenko.

Since the launch of the state program "Affordable Loans at 5-7-9%", Ukrainian entrepreneurs have received loans worth about UAH 8 billion, Finance Minister Serhiy Marchenko has said.

PM says it’s realistic to get GDP growth at 4.6% next year

Prime Minister of Ukraine Denys Shmyhal believes that GDP growth at 4.6%, which is included in the draft state budget for 2021, is completely realistic.

1 1

Hryvnia weakens to U.S. dollar on Sept 21

The official forex rate against the euro for Monday is fixed at UAH 33.35 per euro.

Extended border closure another obstacle for Alberta Indigenous tourism industry.

Indigenous tourism was growing in Alberta before the pandemic hit. Now, many operators hope their doors will still be open when travel restrictions ease.

PM Shmyhal: Government working on measures to facilitate Ukraine's economic recovery.

Shmyhal announces work on measures to facilitate Ukraine's economic recovery / REUTERSUkraine's Cabinet of Ministers is working on measures that will help facilitate the country's economic...

1 11

Agricultural production in Ukraine almost 10% down in eight months.

Both agri-businesses and private farmers reduced production.

Banker Pysaruk accuses NABU of lack of professionalism and pursuing its own agenda.

Oleksandr Pysaruk / Photo from UNIAN‘NABU has demonstrated that it lacks professionalism and is pursuing its own agenda in the case against Pysaruk and Bakhmatyuk by pressing baseless charges...

Bakhmatyuk sums up losses from ‘a year of war’ waged against him by NABU: 9,000 jobs and 0.

Oleg Bakhmatyuk / Photo provided by the press serviceOne year into NABU's war against Bakhmatyuk, his company has lost more than the value of assets abandoned in the occupied Crimea and Donbas...

Lawmaker: 2021 budget draft has no caps on state-guaranteed debt, public debt may skyrocket.

Preparations of the draft budget for the first reading are about to start on September 18.

Finance minister elaborates on IMF's position on 2021 budget draft.

Active discussion of the document with Ukraine's key lender is under way.

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies