Ukraine’s public debt reduce below 50% of GDP for the first time since 2013. This was reported by the press service of the Ministry of Finance on Facebook.
The public debt fell below 50% of GDP for the first time since 2013. The Ministry noted that the debt to GDP ratio should not exceed 50% at the end of 2019, but should reach 45.3% at the end of 2020, and should not exceed 40% at the end of 2024.
According to the Ministry of Finance, the state and state-guaranteed debt of Ukraine fell to 60.9% of GDP in 2018 compared to 71.8% in 2017. The size of the state and state guaranteed debt amounted to USD 78.32 billion, or UAH 2.169 trillion as of December 31, 2018.
As The Journalist reported, Ukraine may lose up to 1% of GDP over decrease of Russian gas transit.
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