Money

17:28
Today
Telegraph

UNIAN

Photo: pixabay

Business news: According to the President, despite the payments on the public debt, foreign exchange reserves amount to $ 18 billion.

Ukraine this year has paid out over $ 4 billion. debt that, nevertheless, has not led to a decline in foreign reserves of the country.

This was stated by President of Ukraine Petro Poroshenko at the meeting of the National investment Council in Kyiv.

“Despite the fact that this year Ukraine paid more than $ 4 billion, foreign exchange reserves amount to 18 billion dollars,” he said.

According to the head of the state, taking into account the difficult economic and debt situation in 2014, as well as military action, the default looked almost inevitable, but the authorities managed to keep the situation and return to economic growth .

As previously reported, according to the rating Agency S&P, Ukraine in the coming years 2018-2021 payments on external government and quasi-government debt of 24 billion dollars.

The rating Agency notes that to carry out these payments to the government will be extremely difficult without support from official creditors. Public and publicly guaranteed debt of Ukraine for 2017 increased by 7.5% to 76.3 billion dollars, and 11 percent to 2.1 trillion – in the hryvnia equivalent, which is about 72% of GDP.

The volume of payments of Ukraine state and guaranteed government debt in the next twenty-eight years – in the period from 2018 to 2045 inclusive will be $ 3,045 trillion in UAH equivalent.