The deficit of the state budget and the active use of loans led to the fact that in 2020 the ratio of public debt to GDP of Ukraine increased by 12.5%.
According to the Ministry of Finance, now this figure has reached 56.8%.
“The main source of obtaining financial resources necessary to cover the state budget deficit in 2020 was the state internal and external borrowings”, – the department notes.
In total, for 2020, Ukraine capitalized state loans for 639.6 billion hryvnia or $ 22.8 billion, including domestic loans for 389.2 billion hryvnia or $13.9 billion.