Ukraine's state debt to exceed 94% of GDP until the end of the year

Source : 112 Ukraine

IMF forecasts national debt decrease in 2016
13:06, 8 October 2015

The key creditor of Ukraine forecasts growth in gross public debt of the country at the end of 2015 to 94.4%. It also is assumed that government revenues will increase by 2020 and public spending to be reduced, Minfin.

In particular, according to the forecasts of the Fund the national debt in 2016 will slightly reduce to 92.1% of GDP, and the most significant debt decrease is expected in 2019 and 2020 - to 76.9% of GDP and 70.8% of GDP respectively.

At the same time the IMF forecasts growth of public revenues by 2020 and a reduction of public spending. In particular, in 2015, expenditure will be about 45% of GDP, but by 2020 this figure will drop to 42%. The indicator of government revenues will slightly deviate from the target of 40% during the next 5 years.

Related: Ukraine's state debt exceeded $ 70 bln

Related: Cabinet of Ministers announced the start of national debt restructuring

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