Ukraine’s public debt rose almost fivefold over eight years – Groysman

Ukraine’s public debt rose almost fivefold over eight years – Groysman

Ukraine’s public debt grew from $12.5 billion to $60 billion or almost 4.8 times over the period from 2005 to 2013.

Prime Minister of Ukraine Volodymyr Groysman said this at a government meeting on Wednesday, an Ukrinform correspondent reports.

According to him, Ukraine’s public debt totaled $12.5 billion or 14.3% of GDP in 2005, $28 billion in 2009, $40 billion in 2010, and $60 billion in 2013.

He noted that “all these debts fell on the shoulders of Ukrainian citizens”.

“We should take money from the education sector, army, healthcare, social policy to pay off debts. If we do not pay, it will lead to inflation, devaluation of the national currency," the prime minister said.


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