In May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry’s press service reports.
According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion.
Earlier the National Bank reported it expected the state debt reduction in 2018 and forecast it at 70% of GDP. At the same time, the Finance Ministry projects that the state debt could reach 82.4% of GDP.
According to the ministry, the projected maximum level of the state-guaranteed debt by the end of 2018 will total about UAH 747.6 billion, up 2.3-fold YoY.
At the same time, according to the forecasts of the Finance Ministry, the state debt would not exceed UAH 2.756 trillion until the end of 2018. (Ukrinform/Business World Magazine)