KIEV, May 13 - The volume of planned government borrowings stipulated in the government medium-term strategy of state debt management for 2013-2015 is not critical for Ukraine's GDP, however its level is to be constantly controlled and we should achieve its reduction, deputy chairman of the Regions Party faction Anatoliy Kinakh says.
According to Kinakh, the positive moment is that the strategy of state debt management approved by the government includes Ukraine's intention by 2015 to reduce the volume of borrowings to UAH 125.6 billion. Although the state debt ceiling in relation to Ukraine's GDP (about 30%) is not critical, this burden on the national budget needs to be reduced, the politician said.
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