Ukraine plans to borrow about 380 billion next year

Ukraine plans to borrow about 380 billion next year

Ukraine plans to borrow about UAH 380 billion (about $15.3 billion) next year.

“We plan to borrow about UAH 380 billion. We mainly hope that these borrowings will be from our official lenders. We will continue to develop the local market in hryvnias,” Finance Minister Oksana Markarova announced at a briefing on Sunday, an Ukrinform correspondent reported.

She stressed that the Government was striving to "take control of the debt and reduce the percentage of debt to GDP every year as quickly as possible."

As reported, the draft law on the state budget of Ukraine for 2020 was tabled in the Verkhovna Rada.


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