Finance Ministry aims to reduce public debt to 50% of GDP
Ukrinform
The Finance Ministry of Ukraine aims to reduce the public debt to 50% of the country’s GDP, according to Finance Minister Oksana Markarova.
"We have set new, more ambitious goals - government debt is below 50% of GDP, the deficit is below 2.2% and budgeting for three years with new budget rules and full cost reviews so that not only to reduce costs, but to provide more services to our citizens using each hryvnia, " Markarova wrote on Facebook.
As Ukrinform reported, the budget deficit of Ukraine in 2018 decreased to 1.7% of GDP, and the ratio of Ukraine's public debt to the country’s GDP fell to 60.9% compared to 71.8% in 2017.
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