Kiev debt IMF will pay three generations of Ukrainians

31 October 2018, 13:18 | Economy
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In Ukraine, the catastrophic situation. Through the efforts of the authorities, the country's external debt is growing at such a rate that it cannot cover its budget. It turns out, many decades later, citizens will be forced to pay for the current irresponsibility of Kiev. This was warned by the deputy of the Verkhovna Rada Vadim Rabinovich. "At the end of August, our country's debt - foreign debt - was 47.5 billion dollars. The total external debt and domestic came to $ 75 billion, “terrible figures on the TV channel 112 Ukraine led the people's deputy.”. Already, it turns out that almost all revenues will go to pay off debts and interest on a loan.. At least in the budget for the next year, the main item of expenditure is just the servicing of foreign debt.. "This means that you and I, our children and grandchildren are included in these budgets. We have to plow and plow on these IMFs ", - Rabinovich was indignant.

Over the past 5 years, the ratio of public debt of Ukraine to GDP increased from 36.6% to 71.8%. To service old debts, Kiev is forced to take new loans.. From November 1, the country's authorities increase the cost of gas for the population by 23.5%.

This is required by the International Monetary Fund (IMF) as a prerequisite for the allocation of regular financial assistance.. In the near future, gas prices for the population will be raised twice in Ukraine.




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