IMF estimates Ukraine economy's needs in financing for 2019 at 8.1%

REUTERS Ukraine&#39;s key creditor, the International Monetary Fund, has estimated the country&#39;s gross financing needs for 2019 at 8.1% of GDP. The IMF report says that&#39;s including 2.3% of GDP on financing the budget deficit and 5.7% of GDP – on financing debt. According to the fund&#39;s estimates, in 2020, Ukraine&#39;s gross financing needs will amount to 8.3% of GDP, including 2.3% of GDP to finance the budget deficit and 6% of GDP to finance debt. Read alsoIMF keeps economic growth forecast for Ukraine in 2019 unchanged The IMF forecast says the state budget deficit in Ukraine in 2021 will decrease to 2.2% of GDP, and in the period from 2022 to 2024, it will be 2% of GDP each year. The Fund also forecasts a reduction in the level of Ukraine’s state debt to GDP from 63.9% in 2018 to 62% in 2019, 57.9% in 2020, 53.8% in 2021, 49.8% in 2022, 46.2% in 2023, and 43.7% in 2024. UNIAN memo. The volume of public and publicly guaranteed debt of Ukraine in 2018 increased in dollar terms by 2.6% - to $78.32 billion, but it decreased in relation to the country&#39;s GDP to 64% from 72% in 2017. According to the latest estimates by the Ministry of Finance, the volume of payments on the public and publicly-guaranteed debt of Ukraine as a whole for 2019 will amount to UAH 461 billion. The state budget of Ukraine for 2019 provides for a maximum deficit of UAH 90 billion, or 2.3% of GDP.

IMF estimates Ukraine economy's needs in financing for 2019 at 8.1%

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