Govt approves strategy for cutting Ukraine’s public debt to 50.8% of GDP in 2022, 47% in 2024

Govt approves strategy for cutting Ukraine's public debt to 50.8% of GDP in 2022, 47% in 2024

The direct public debt of Ukraine by the end of 2021 will be cut to 56.9% of GDP, and by 2024 to 47%, Finance Minister Serhiy Marchenko said, presenting a strategy for managing public debt until 2030 at a government meeting on Thursday.

“Among the indicators of achieving the goal [in the strategy], in particular, is a decrease in public debt by the end of 2024 to 47% of GDP, as well as an increase in debt denominated in the national currency to 51% of GDP,” he said at the meeting, during which the Cabinet of Ministers of Ukraine approved the strategy.

(C)INTERFAX UKRAINE 2021

One comment

  1. That is an incredible rate if it works. Indeed, even the 56.9% rate is very, very good, in particular when looking at the country’s struggle to rebuild its military AND waging a war against Mordor AND having lost two chunks of territories. As a comparison, Krautland’s debt-to-GDP is over 70% and the US’ is 132.8%!

    Liked by 2 people

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