Groysman: Ukraine owes two creditors of the defense budget of the country

The Cabinet was announced the exact amount of internal and external borrowing of Ukraine.

Гройсман: Україна заборгувала кредиторам два оборонних бюджети країни

Ukraine owes for internal and external borrowing of about 417 billion (14.6 billion dollars), which is similar to the defence budget in two years, informs Rus.Media.

This was announced by the head of the Ukrainian government Volodymyr Groisman during a meeting of the Cabinet.

He noted that economic growth would have been much greater if the debt has been reduced by previous government structures.

“We have to give 417 billion external and internal debt for the previous period. What is a 417 billion? That’s two defensive budgets, it is actually a third of the budget of the country. If we didn’t have to give the money because someone had thoughtlessly typed, we could invest them in the economy,” he said.

Groysman stressed that the new system of budget planning involves the maintaining of public debt at 60% of GDP.

On 9 January the President of Ukraine Petro Poroshenko has approved the bill No. 8044 “On amendments to the Budget code of Ukraine”, which introduced the legal basis for the introduction of medium-term budget planning.

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