Groysman: Ukraine should return UAH 427 bln in external debt in 2019

Groysman: Ukraine should return UAH 427 bln in external debt in 2019

Prime Minister Volodymyr Groysman has said that Ukraine should return UAH 427 billion in external borrowing in 2019.

"Our budget for the next year will total one trillion two hundred billion hryvnias and from this amount we need to return UAH 427 billion [in external borrowings], which is one third of the budget," said Groysman during the Svoboda Slova talk show on ICTV Channel, an Ukrinform correspondent reported.

In turn, acting Finance Minister Oksana Markarova noted that before submitting the draft budget for 2019 to the Verkhovna Rada, the Cabinet of Ministers approved an external debt management strategy.

"In the next three years, we will not only fulfill all our obligations but also gradually reduce the debt ratio to our GDP," Markarova said.

She added that the implementation of the 2018 state budget is carried out at 98-99%.

"Of course, the IMF program is very important for us, we are working and I hope that we are reaching the final stages of agreements with our partners. The IMF tranche is not transferred to the budget, but to the reserves of the National Bank. It is important for us that it opens the way for financing from other partners of the EU and the World Bank, which is transferred to the budget,” said Markarova.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
*/ ?>