REUTERS
The country's debt-to-GDP ratio as of the beginning of 2020 was 50%.
The amount of foreign currency alone Ukraine needs in 2020 to repay its debts, including funds to service foreign currency debt, exceeds US$9 billion.
As was the case last year, "Ukraine is going through a period of peak external public debt repayments" this year, the National Bank of Ukraine said in its inflation report for January 2020.
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Yet, the Central Bank predicts a decrease in state budget allocations to finance the repayment and servicing of debts in relation to GDP to 9.9%, from 11.7% in 2019.
As UNIAN reported earlier, Ukraine's state and government-guaranteed debt in 2019 increased in dollar terms by US$6.05 billion, or 7.7%, to US$84.36 billion. In hryvnia terms, the state debt for the year decreased by UAH 170.17 billion, or 7.8%, to UAH 1.998 trillion.
The country's debt-to-GDP ratio as of the beginning of 2020 was 50%.