State debt has grown by 10 billion

In February, the total amount of Ukraine’s public debt sharply increased, as three state financial institutions were consolidated: Oschadbank, Ukreximbank and Privatbank. According to the Ministry of Finance, this is the main reason, because of which I had to resort to borrowing.

If in January there was not a storm, then in February, debts increased sharply by 10.34 billion hryvnia (0.55 billion dollars) – to 1.941 trillion hryvnia (71.76 billion dollars).

Last year, state and publicly guaranteed debt amounted to $ 70.97 billion, but by the end of February 2017 an amount of 1.666 trillion hryvnias ($ 61.58 billion) emerged, including external debt grew to 977.64 billion hryvnia (36 , $ 14 billion).

As a rule, the state takes loans to cover either the budget deficit at the state and regional levels, or to target the financing of different programs, or to replenish reserve assets, or to refinance previous borrowings.