Ukraine’s Cabinet of Ministers plans borrowing of Hr 190.8 billion in 2017, including Hr 86.89 billion to be borrowed on the foreign market.
The indicators are outlined in an attachment to the law on the national budget for 2017 passed by Verkhovna Rada on Dec. 21, 2016.
For comparison, the 2016 budget planned to borrow Hr 251.374 billion, including Hr 122.65 billion abroad.
The state debt to be paid next year is estimated at Hr 129.559 billion (Hr 157.14 billion in the 2016 budget), including Hr 30.94 billion for the foreign debt (Hr 32.89 billion).
The government seeks to spend Hr 111.338 billion to serve the state debt and this is 15.6 percent more than in the 2016 national budget.
According to the State Treasury Service, in January-November 2016 state borrowing totaled Hr 175.95 billion, including Hr 59.3 billion on the foreign market. Some Hr 105.657 billion was paid to settle the principal of the debt, including Hr 8.97 billion for the foreign debt. Some Hr 90.478 billion was used to service the debt.
