Ukraine continues to pay the debt in a crisis because of the pandemic

All the social spending, defense spending, debt service and subsidies to local budgets fully funded, assured the Ministry of Finance.

Four months 2020 Ukraine paid a debt of about 71.3 per billion (81.8% of plan), maintenance – UAH 41.1 billion (94.2% of plan), according to the Finance Ministry on Tuesday 5 may.

According to preliminary data, in January-April the budget deficit of 23.5 billion UAH, including the General Fund deficit was UAH 33 mrad.

During this period, borrowing in the General Fund budget amounted to 108 billion, or 84.1% of the planned.

“Just from the placement of government bonds, the state budget has attracted 73.8 per billion (97% of plan), including through the issuance of government bonds in foreign currency – UAH 41.3 billion ($1.2 billion and EUR 0.3 billion). From outside sources brought UAH 34.2 billion (66% of the plan), in particular, 33.9 billion UAH by placing 10-year Eurobonds in the amount of EUR 1.25 billion, at 4,375% per annum”, – stated in the message.

The Finance Ministry has assured that all the social spending, defense spending, debt service and subsidies to local budgets fully funded in accordance with painting. So, according to the operative data of the state Treasury, expenditures from the General Fund of the state budget in four months made by 308.9 billion grams, or 87.5% of the painting during the reporting period.

It is also noted that in April the General Fund budget received for 90.9 billion, of which nearly 43 billion UAH was received from the National Bank.

We will note, today the Ministry of Finance for the second time this month issued bonds to 10 billion hryvnia. Thus, the Cabinet is trying to compensate for the losses of the budget, four months earned more than 41 billion.

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