Finance Minister Serhiy Marchenko has said that Ukraine intends to cut public debt by 3% in 2021.
“This year we have a deficit of UAH 300 million. This is a crisis year, as we had to finance some social programs, pension indexation and the Fund to tackle Covid-19. But we have the opportunity to borrow. Next year, I think, we can also take loans, without putting pressure on our macrostability. There is confidence that we will be able to reduce public debt by 3% in 2021. We are not going to borrow expensively,” the finance minister said.
According to Marchenko, the prime minister has already discussed a possible arrival of an IMF mission in Ukraine in the near future. (Ukrinform/Business World Magazine)