Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Yatsenyuk: Ukraine’s total debt rose to UAH 800bn

byEuromaidan Press Staff
28/03/2014
1 minute read
Yatsenyuk: Ukraine’s total debt rose to UAH 800bn

27_ukraine_pm_1813567fFriday, March, 28, 2014, 08:57

The total amount of Ukraine’s debt has reached 53 % of GDP, or UAH 800bn, Prime Minister Yatsenyuk stated in the Verkhovna Rada on Tuesday.

He said that the amount of foreign reserves has dropped from USD 34.6bn by USD 20bn since January 1, 2013.  Today, reserves stand at only USD 15.5bn.

“Over the last month we have held the foreign reserves intact,” Yatsenyuk said. “USD 20bn was burned while withdrawing funds abroad and maintaining a fictitious stability in the country, including the maintenance of the exchange rate,” he said.

According to the Prime Minister, in 2011, the debt burden of the country was 36 % of GDP, over the past 3 years of external and internal debt of Ukraine has increased by half, up to USD 37bn. “The total amount of debt today exceeds UAH 800bn,” he says.

Yatsenyuk noted that, EU requirements mandate that the amount of debt does not exceed 60 % of GDP, while Ukraine has approached this critical threshold (53%).

The original news in Ukrainian is on the Ukrainska Pravda website:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts