KIEV, Sept. 1 – The Cabinet of Ministers has selected the rather risky approach of strengthening the state's debt dependency to realize its populist policies, according to a posting on the website of the Ukrainian president.

"The government's overwhelming credit appetites is a way into a debt hole... the rate of state borrowing for the national budget in January-July 2009 is estimated at almost UAH 275 million per day," reads an analytical note drafted by the chief service for social and economic development at the presidential secretariat.