KIEV, Nov. 23 – The jump in Ukraine’s state debt in recent years is a risk to the financial security of the country, according to auditors from the Accounting Chamber of Ukraine.
"In the last few years the pace of growth of the state debt has had threatening dynamics. In the world rating of countries with the largest growth in borrowing Ukraine was 13th… In conditions of falling GDP in 2009 and its slight growth in 2010, this leads to an increase in the debt burden on state finances and creates a threat to the stability of the economic situation and financial and economic security of the country," reads a posting on the chamber's Web site.
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