Patskan said that the strengthening of the hryvnia is two sides of the coin

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The strengthening of the national currency of Ukraine contributed to the reduction in the total amount of public and publicly guaranteed debt of more than 100 billion UAH. On 17 October, said the head of the accounts chamber Valery Patskan during a meeting of the Committee on the budget, the press service of the Agency.

“The strengthening of the hryvnia is two sides of the coin. Positive – for the first eight months of this year, total public and publicly guaranteed debt decreased to 101.3 billion. The strengthening of the hryvnia led to a decrease in debt 144.3 billion in excess of borrowing over repayment of the debt is 43 billion UAH”, – he said.

He added that for the first nine months of 2019 due to the strengthening of hryvnia higher than the planned indicators of the state budget shortfall 20.7 billion UAH of planned revenues, since 40% of state revenues are calculated using the exchange rate of the hryvnia to the US dollar or the Euro.

Patskan stressed that the basis of the draft budget for 2020 laid the average exchange rate of the hryvnia to the US dollar and the Euro at the level of 28.2 and 31.9 UAH, respectively, which does not match the current parameters, because the forecast requires revision.

The Minister of Finance of Ukraine Oksana Markarova reported that the hryvnia in the budget for 2020 at the level of 28,2 USD per dollar pledged, it is fixed in the macroeconomic forecast

As of 18 October, the hryvnia to the US dollar is 24,73 UAH/$.

The Finance Ministry reported that Ukraine should return to creditors in 2019 317,47 billion in 2020 – 266,07 billion.


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