Servicing external debt Ukraine spends a record amount of money
The payment of external debts and their servicing in the Ukrainian budget provides 417 billion, which is approximately equal to 40% of the state budget. It is reported Glavred with reference to the former Minister of economy Viktor Suslov.
“Such costs has never been, so our country driven into the trap,” he said in a television broadcast.
Speaking about the possibility of default in Ukraine, Suslov said that the country has foreign exchange reserves, even though they were formed at the expense of the IMF loans.
“It’s about $ 20 billion. If this year will have to use reserves, the country will still be able to pay the debts” – the expert believes.
However, he drew attention to the fact that the government repays debts only by taking new loans.
According to him, if to perform the work of the Ministry of Finance in the beginning of this year, we can see that almost weekly it announces the sale of the securities in UAH and in foreign currency.
“But you need to understand that such a policy would in the end always leads to a dead end. It can not be this amount of public money to give to pay off debt — the country is also need for something to live, so we need to change the approach,” he added.
Earlier the people’s Deputy Anton Gerashchenko said that Ukraine – a country bankrupt.
According to him, 41% of the state budget of Ukraine this year – a return of debts. For this reason, the main task of the new President will be to stabilize the economy.
“I do not exclude that we will have the state of Ukraine this year to declare a default. Because we will not be able to pay such a huge amount of debt,” — said Gerashchenko.
MP also predicts the gradual transformation of Ukraine to Venezuela in the case of too slow growth. Minimum pace of economic development Gerashchenko said 7-8% per year.
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