Need to borrow another $4 billion – Finance Minister

Одолжить нужно еще $4 млрд - министр финансов

Ukraine needs to spend on the debts a third of the budget-2019

In the state budget for the current year on repayment of debts laid down 418 billion.

This year Ukraine needs to borrow about $ 4 billion to repay previous loans. This was stated by the Minister of Finance Oksana Markarova Radio NV, writes FinClub.

“This year we need to borrow about 4 billion dollars (equivalent). It’s no secret, because in this year’s budget 418 billion pledged for repayment of debts. That’s a third of the state budget,” she said.

Markarov reminded that this year Ukraine has already received $ 600 million under the guarantee of the world Bank.

“They have already received on account. Those who are under 4%. We made a small placement (Eurobond) when you had the chance and the price was less than 10%,” – said the Minister.

She stressed that the Finance Ministry is also working on additional tools from official creditors.

“We have already started negotiations with the world Bank about the following guarantee. I hope that this year will be able to use it. Well, the rest is going to be monitored and to get on the private market,” – said Markarova.

Earlier, the Finance Ministry has lowered its forecast for the debt repayment for the current year. Amount paid in the current year increased by 54 billion hryvnias.

Also in Department noted that in 2013 the state budget expenditures on debt service increased 3.6 times – up to UAH 115 billion in 2018.

 

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