2013 state debt expected at 30.6% of GDP - finance ministry

"At the end of 2013, the expected volume of public debt will amount to UAH 483.032 million, which is approximately 30.6% of GDP. The ratio of public debt payments at the end of 2013 to the income of the state budget for 2013 will be approximately 9.6%," according to the information published on the ministry's website.

It is also predicted that the ratio of the state foreign debt to the total state debt at year-end was 48.7%.

It is expected that in 2013 Ukraine will attract UAH 92,863 million (68.5% of total loans) on the domestic market and UAH 42,668 million (31.5%) on the external market.

The ministry reported that the total payments on the state debt to be made in 2013 at the expense of the state budget are estimated at UAH 116,035 million. Thus, the amount of state debt repayment will be UAH 81,068 million, of which commitments on the domestic debt make UAH 45,474 million or 56.1%, and on the external debt UAH 35,594.5 million or 43.9%. The volume of public debt payments is projected at UAH 34,967 million.

"Costs on the IMF loans in the amount of UAH 1,608.4 million and on 2012 government domestic loan bonds in the amount of UAH 3,507 million will make the greatest share in the public debt servicing during this period," the ministry said.

Earlier, the ministry of finance reported that the combined direct and guaranteed debt of Ukraine in December 2012 increased by $1,747 million, or 2.8% to $64,482 million.