direct and guaranteed debt of Ukraine in 2009 will double because of the need to finance increased dramatically in a crisis state budget deficit, as well as government gosgaranty for large loans, predicts the Secretariat of President Roman Zhukovskii.
In fact, this year the public debt, together with a guaranteed to be doubled, - he said to journalists.
significantly decreased revenues and operating expenses are financed by borrowing, - explained Zhukovskii, who heads the main service of socio-economic development of the Presidential Secretariat.
He added that state budget-2009 and the crisis laws also gave the Government the right to grant this year, state guarantees on loans, the total amount which he estimates at 37 billion UAH.
This Zhukovskiy expressed doubts that the purchase of imported machinery or, for example, the construction of midwife points (FAP) in the village are the best anti-crisis program designed to revitalize the economy, as was stipulated in the law.
As explained
agency Interfax-Ukraine a source in the government, the total amount of loans under government guarantees this year could reach 45 billion UAH.
MinFin eve predict that the outcome of 2009 direct public debt will rise from 13.8% of the gross domestic product (GDP) to 18.9% of GDP. These figures do not take into account the guaranteed debt, which by the beginning of 2009 was $ 7.63 billion, or 58.72 billion UAH, while direct debt - $ 16.97 billion, or 130.69 billion UAH.
forecasts of international experts more pessimistic. The World Bank estimates that total state debt of Ukraine by the end of this year will reach 28.8% of GDP. International rating agency Standard Poor's anticipates that the expanded government debt, which rose in 2008 to 10.7% of GDP to 17.6% of GDP, on the basis of 2009 reached 42.8% of GDP.
During the first half of this year, total state debt of Ukraine has increased in the currency at 16.6%, or $ 4.08 billion - up to $ 28.683 billion in grivnevom - by 15.6% or UAH 29.45 billion, up to 218 , 86 billion UAH.
In the second half for the capitalization of banks with state participation and support NJSC Naftogaz Ukrainy OVDP government issued an additional 29.5 billion UAH, and also received a tranche of IMF credit $ 3.3 billion to finance the state budget and debt service.
During this time, has been only one large payment for the debt (repaid eurobonds on $ 0.5 billion), which provides a measure of total debt is now at approximately $ 35.3 billion, or 275 billion UAH.
According to the IMF
promulgated in June renewed the Memorandum of economic and financial policies of the Ukrainian authorities, the forecast drop in GDP of Ukraine in 2009 because of the more pessimistic than expected for the world economy deteriorated from 3% to 8%, while in nominal terms - from 1112 billion to UAH 990 billion UAH. In July, the IMF announced a further deterioration of the forecast - before the fall of 14%.
In addition, the government this year adopted a range of solutions for gosgaranty credit that will attract goskompanii. In particular, it is the State innovation financial-credit institution (8 billion UAH), the State Mortgage Institution (UAH 2 billion to buy nedostroev), Ukrkosmose (2 billion UAH for the procurement of information systems at the Canadian MDA), Ukragroleasing (over $ 1 billion for the purchase of Japanese and Canadian molokovozov and the mini-silos), Ukrmedsnabe (EUR500 million for the construction of Canadian companies, the FAP and $ 400 million for the purchase of the Austrian Vamed medical equipment), Ukravtodor (8 billion UAH.) and the two airlines - HGAPP and Aviant (2.5 billion UAH).
A new wave of rising prices for raw materials led to strong demand sites in the oil and gas securities
The dynamics on the Russian market after the news from the United States is difficult to predict, but our blue chips are unlikely to ignore the slightest negative
12%-ing off quotes prefov Transneft occurred against the backdrop of reports about the upcoming inclusion in the calculation of the index MSCI EM
Precious metals market review for 12.08.09
Asian markets show positive dynamics
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Debt in Ukraine in 2009 will increase by half, are projected at the Presidential Secretariat
direct and guaranteed debt of Ukraine in 2009 will double because of the need to finance increased dramatically in a crisis state budget deficit, as well as government gosgaranty for large loans, predicts the Secretariat of President Roman Zhukovskii.
In fact, this year the public debt, together with a guaranteed to be doubled, - he said to journalists.
significantly decreased revenues and operating expenses are financed by borrowing, - explained Zhukovskii, who heads the main service of socio-economic development of the Presidential Secretariat.
He added that state budget-2009 and the crisis laws also gave the Government the right to grant this year, state guarantees on loans, the total amount which he estimates at 37 billion UAH.
This Zhukovskiy expressed doubts that the purchase of imported machinery or, for example, the construction of midwife points (FAP) in the village are the best anti-crisis program designed to revitalize the economy, as was stipulated in the law.
As explained
agency Interfax-Ukraine a source in the government, the total amount of loans under government guarantees this year could reach 45 billion UAH.
MinFin eve predict that the outcome of 2009 direct public debt will rise from 13.8% of the gross domestic product (GDP) to 18.9% of GDP. These figures do not take into account the guaranteed debt, which by the beginning of 2009 was $ 7.63 billion, or 58.72 billion UAH, while direct debt - $ 16.97 billion, or 130.69 billion UAH.
forecasts of international experts more pessimistic. The World Bank estimates that total state debt of Ukraine by the end of this year will reach 28.8% of GDP. International rating agency Standard Poor's anticipates that the expanded government debt, which rose in 2008 to 10.7% of GDP to 17.6% of GDP, on the basis of 2009 reached 42.8% of GDP.
During the first half of this year, total state debt of Ukraine has increased in the currency at 16.6%, or $ 4.08 billion - up to $ 28.683 billion in grivnevom - by 15.6% or UAH 29.45 billion, up to 218 , 86 billion UAH.
In the second half for the capitalization of banks with state participation and support NJSC Naftogaz Ukrainy OVDP government issued an additional 29.5 billion UAH, and also received a tranche of IMF credit $ 3.3 billion to finance the state budget and debt service.
During this time, has been only one large payment for the debt (repaid eurobonds on $ 0.5 billion), which provides a measure of total debt is now at approximately $ 35.3 billion, or 275 billion UAH.
According to the IMF
promulgated in June renewed the Memorandum of economic and financial policies of the Ukrainian authorities, the forecast drop in GDP of Ukraine in 2009 because of the more pessimistic than expected for the world economy deteriorated from 3% to 8%, while in nominal terms - from 1112 billion to UAH 990 billion UAH. In July, the IMF announced a further deterioration of the forecast - before the fall of 14%.
In addition, the government this year adopted a range of solutions for gosgaranty credit that will attract goskompanii. In particular, it is the State innovation financial-credit institution (8 billion UAH), the State Mortgage Institution (UAH 2 billion to buy nedostroev), Ukrkosmose (2 billion UAH for the procurement of information systems at the Canadian MDA), Ukragroleasing (over $ 1 billion for the purchase of Japanese and Canadian molokovozov and the mini-silos), Ukrmedsnabe (EUR500 million for the construction of Canadian companies, the FAP and $ 400 million for the purchase of the Austrian Vamed medical equipment), Ukravtodor (8 billion UAH.) and the two airlines - HGAPP and Aviant (2.5 billion UAH).
A new wave of rising prices for raw materials led to strong demand sites in the oil and gas securities
The dynamics on the Russian market after the news from the United States is difficult to predict, but our blue chips are unlikely to ignore the slightest negative
12%-ing off quotes prefov Transneft occurred against the backdrop of reports about the upcoming inclusion in the calculation of the index MSCI EM
Precious metals market review for 12.08.09
Asian markets show positive dynamics
All the Rules
Deputy Medoffa guilty of fraud, called the scheme created a lie
Today, the paper looked good RusGidro, but they are still far from a fair evaluation of 1,8-2 rubles
Magna, Sberbank and GM settled a disagreement about buying 55% stake in Opel, which caused a short-term surge in purchases of savings