REUTERS
The prime minister promises to allocate saved funds for social and economic development programs.
Ukrainian Prime Minister Oleksiy Honcharuk says the Finance Ministry's decision to issue euro-denominated eurobonds worth EUR 1.25 billion will allow Ukraine to save UAH 2 million (US$82,203) of national budget funds daily.
"Servicing a state debt is the largest expense item of the national budget. It will amount to UAH 484 billion [US$19.9 million] per year on average until 2022. That is why we've placed eurobonds at the lowest rates in Ukraine's history. In simple words, we will restructure debts – we are paying off expensive debts, while taking much cheaper ones, which is beneficial for our state," he wrote on Facebook.
Read alsoUkraine places euro-denominated bonds worth EUR 1.25 bln
According to the prime minister, his government "inherited" high interest debts.
Honcharuk also promised to allocate the saved funds for social and economic development programs.
"Trust in the state is the basis of the country's investment potential. Investment means new jobs for Ukrainians. The more trust, the lower the interest rate. Ukraine is on the right track!" he summed up.
As UNIAN reported earlier, Ukraine had issued euro-denominated eurobonds worth EUR 1.25 billion with a ten-year maturity period (until January 27, 2030).