Cabinet of Ministers sets up public debt management agency

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Open source

On February 12, the Cabinet of Ministers of Ukraine at a government meeting created the public debt management agency.

This was stated by Prime Minister Oleksiy Honcharuk.

PM noted that the creation of a new body is necessary so that Ukraine does not have problems with repayment of previously taken loans.

“In 2019 alone, the successful implementation by the Finance Ministry of a medium-term strategy for public debt management allowed us to save about UAH 19 billion in public debt service expenses. We expect even better results after the launch of the agency that will use tools for managing public debt as quickly and efficiently as possible,” the head of government emphasized.

According to Honcharuk, such a model successfully works in Austria, Belgium, the Netherlands, Germany, and Sweden.

“The creation of a debt agency is a prerequisite for the implementation of the government’s action plan to reduce taxpayers’ expenses on debt servicing,” the prime minister said.

As The Journalist reported, Ukraine received payments from issued Eurobonds.

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