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Ukraine in 2021 'for first time' since 2013 to cut direct public debt below 50% of GDP – Zelensky
KYIV. Dec 1 (Interfax-Ukraine) – By the end of 2021, for the first time since 2013, Ukraine will reduce its direct public debt below 50% of GDP, Ukrainian President Volodymyr Zelensk has said.
"For the first time, since the same 2013, we will reduce the national debt to below 50% of GDP," the president said during his nation address from the rostrum of parliament on Wednesday.
As reported, the Cabinet of Ministers in the bill on the state budget of Ukraine for 2022, as amended for the first reading, laid down a decrease in the ratio of public debt to GDP to 57.6% compared to the expected 64.7% in the state budget 2021.