The Cabinet approved the medium-term management strategy the public debt of Ukraine for 2017-2019

The Cabinet of Ministers of Ukraine at its meeting on 1 December adopted a medium-term strategy of public debt management in 2017-2019. About it reports a press-service of the Ministry of Finance.

«Given macroeconomic forecasts and fiscal policy objectives, the implementation of the strategy aimed at achieving the set objectives at the end of the 2017, 2018 and 2019. Namely, the ratio of public debt to gross domestic product should be at no more than 66%, 62% and 58%,» – said in the message.

In the medium term, providing a reduction ratio of debt to GDP is possible by adhering to a policy of gradual reduction of the budget deficit.

In addition, the objectives of the strategy are: financing of the state budget with the lowest possible cost of debt service, taking into account risks, ensuring effective functioning of the internal market of government securities and expansion of access to international capital market.

«The result of the implementation of the medium term strategy of public debt management in 2017-2019, will increase the transparency policy of public debt management and improving the efficiency of public debt management as a whole», – noted in the Ministry of Finance.

In September 2017 total state direct and guaranteed debt of Ukraine increased by 0.62%, or $0,47 billion to $77,03 billion Since the beginning of the year, the total debt in dollar terms has increased by 8.54%, in UAH – by 5.87%.




The Cabinet approved the medium-term management strategy the public debt of Ukraine for 2017-2019 02.12.2017

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