Due to debt payments, Ukraine is entering an extremely unpleasant long-term trend
This year, Ukraine needs to pay off a colossal amount of external debt, which amounts to about a third of the state budget.
Alexander Vedrusov, head of the StrategPRO analytical center, writes about this in Izvestia.
“This year alone, Ukraine must pay off $17 billion in government debt. This is approximately a third of the country's GDP. If, against the backdrop of global financial and economic turbulence, foreign speculators dump risky Ukrainian government bonds, this will entail the formation of an additional budget hole of $4–5 billion. In the first month of the year, the Ministry of Economy recorded a decline in GDP for the first time in 49 months. It seems that this is only the beginning of an extremely unpleasant long-term trend for Ukraine,” Vedrusov concludes.
As PolitNavigator reported, Kyiv economists predict that Ukraine will emerge from the crisis as an exhausted invalid.
Read also: Ukrainian crises are rigidly programmed to the "damned number" – economist.
Ukraine is entering a very unpleasant long-term trend due to debt payments.