Ukraine's public debt may exceed 65% of GDP in 2020 – IMF forecast

15:40, 10 June 2020
Economy
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REUTERS

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.

Read alsoIMF worsens economic outlook for Ukraine in 2020

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.

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