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
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%!