The Cabinet of Ministers of Ukraine revised the medium-term strategy for public debt management, setting tougher goals on reducing the direct public debt relative to GDP, Acting Finance Minister Oksana Markarova reported during presentation of the public debt strategy, Ukrainian News reports.
“Our goal is to have the public debt at 52% of GDP by end of the next year, and by late 2020 – 49%”, she said.
Meanwhile, Markarova noted that by late 2018, this indicator will be around 60% of GDP, while previously, it was planned at 62%. As of late 2017, it was 61% of GDP.
According to her, the external public debt of the country is 6 years on the average, and it needs to be extended.
Reportedly, in June 2018, the state debt of Ukraine increased to $76.3 bln.