Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the country’s public debt at the end of 2019 will be below 55% of GDP due to the strengthening of Ukraine’s national currency, the hryvnia, while earlier this ratio exceeded 80%.
Sologub added a strong hryvnia partially reduced budget revenue, according to the NBU’s press service.
“But, at the same time, let’s imagine an investor who looks at a country with a public debt of 60% of GDP, and an investor who sees a country with a public debt of less than 50% of GDP. And how does this translate into his expectations of the interest rate on this country’s borrowings?” he said. (UNIAN/Business World Magazine)