Ukraine's public debt may exceed 65% of GDP in 2020 – IMF forecast
The International Monetary Fund (IMF), Ukraine's key lender, says the country's public and government-guaranteed debt may grow to 65.4% of GDP in 2020 from 50.4% of GDP in 2019.
The debt is expected to shrink to 62.7% of GDP in 2021 against 2020, and to 60.5% of GDP in 2022, according to the IMF press release of June 9.
Ukraine's total external debt may reach 93% of GDP in 2020, 84.6% in 2021, and 77.9% in 2022.
In addition, the deficit of Ukraine's national budget in 2020 may be 7.7% of GDP, as well as 5.3% and 3.5% in 2021 and 2022, respectively.
The country's gold and currency reserves in 2020 may decrease by US$6 billion from 2019, to US$19.3 billion.
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.