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Photo: RBK-Ukraine
Sergei Marchenko claims the situation is under control
Ukraine has sufficient resources available and the Ministry of Finance does not see the need to increase the country’s debt burden.
Ukraine has gone through a spike in external public debt payments this year. Finance Minister Sergei Marchenko said this in an interview with Mind.ua.
“On September 1, the Ministry of Finance redeemed the second series of external government loan bonds issued during the restructuring in 2015. The total payment amount exceeded $ 2 billion. Of which $ 1.69 billion were for the Eurobond bailout and $ 400 million was interest on Eurobonds maturing in 2020. 2027. We can now confidently say that the maximum payments on external public debt have been successfully exceeded this year, “said Marchenko.
He noted that now the deficit of the general fund of the state budget is lower than stipulated in the list (93.2 billion UAH in January-September this year, while the list of the reporting period amounted to 177.5 billion UAH).
“We currently have sufficient resources available. We do not see the need to increase the country’s debt burden. The situation is under control. We are ready for any change in order to provide the necessary financing for measures to overcome the pandemic,” he said the Minister of Finance.
Let us remind you that in September Ukraine’s fall in international reserves became the largest since the beginning of the year. In the first month of fall, nearly $ 2.7 billion was spent on debt payments in the peak period. In addition to the Eurobond payments, $ 417.4 million had to be spent to meet the IMF obligations.
It was also reported that by the end of 2020 Ukraine must pay another $ 3 billion to pay off and pay off the state debt.
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