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Total state debt will reach 36% of GDP this year, government says
Journal Staff Report

KIEV, Sept. 4 – Ukraine's total state debt as of late 2012 will reach 36% of GDP, which is the same as of early 2012, the country's government predicts.

According to an offering memorandum on the issue of eurobonds published recently, the cabinet noted that in 2009 the state debt grew from 20% of GDP to 34.8% of GDP and in 2010 it rose to 39.5% of GDP.

In March 2012, representatives of the Finance Ministry said that in 2012 the state debt could drop to 34.9% of GDP.




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