Sunday, August 10, 2008

Ukraine state debt 3% smaller - Finance Ministry

In January - June 2008, the sum of the national and government-guaranteed debts of Ukraine reduced by UAH 2,832,231,470 (3.19%), the Finance Ministry press service reported.

The ratio of the state debt and the gross domestic product has a decline tendency. Its improvement owes both to economic growth and a balanced debt policy.

The ratio of the national and Government-guaranteed debt as of June 30, 2008 to the GDP forecast for 2008 is 9%, which is acceptable from the viewpoint of national finance security.