The implementation of the Government debt management strategy approved in June this year will enable the reduction of the debt/GDP ratio to under 50%, and thus pushing our way out of the risk zone when the debt imposes a significant burden on the country's budget. The Prime Minister of Ukraine Volodymyr Groysman said in the program Pravo na Vladu (The Right to Power).
"Our scenario is relieving the debts that we were left as a legacy, and further economic growth. We understand how to manage the economy and debt so that to avoid any threats", said Volodymyr Groysman. "This year we need to pay a third of the budget for servicing and repaying the debt. In general, for a long time, we had debts and commitments. But we have already managed to reduce the debt against GDP by 20% - from 80 to 59%. "
The Head of Government stressed that Ukraine faces difficult challenges. "But professional debt management does not carry any threats. Our medium-term objective is to cut the ratio of debt/GDP to under 50%. Then we will push our way out of the risk zone", added the Head of Government.