The Ministry of Finance of Ukraine plans to transfer the external debt of Kyiv to the state debt, the city mayor Vitalii Klichko said during the session of the Kyiv City Council, RBC-Ukraine (РБК-Украина) reports.
“The Ministry of Finance of Ukraine plans to transfer the external debt of Kyiv to the state debt. This refers to a decrease in debt load by 25%. This leads to a question, which has to be considered by us. This will give an opportunity to release the load from our city by UAH 5 billion”, said Klichko.
In addition, the Head of Budget and Social and Economic Development Commission Andrei Strannikov stated that this will help save $200 mln for 4 years.
“The proposed decision envisages the replacement of the municipal debt to state debt, the writing-off of 25% of debt and decrease of the rate by 1%, which will allow to save $200 mln for 4 years”, Strannikov stated.
