Government has reduced the Ukraine’s external debt by USD5 billion - from 73 to
68 billion. The Prime Minister of Ukraine Arseniy Yatsenyuk said this at a
board meeting of the Finance Ministry on Monday, 27 July.
He has reminded
that Ukraine attracted USD4.6 billion of external loans: "All this money bypassed
the state budget. We paid off the debts that we hadn’t incurred."
Minister has noted that the Government cannot spend this money either on the
national security and defense, or the social benefits: "These funds are used
to settle financial problems so that Ukraine would not repeat the scenario that
took place in Greece. It means fiscal, budget and financial stabilization."
growth, he underlined, can be achieved at the expense of the rest of the funds
- in particular, from the World Bank, the European Investment Bank. In general,
Ukraine has received USD1 billion of help, USD400 million - on the energy
At the same
time, the Head of Government stressed that state-owned companies and local
authorities are in no haste to use these funds.
according to Deputy Minister of Finance of Ukraine Artem Shevelev, Ukrenergo, Ukrhidroenergo,
Energoatom, Ukravtodor do not apply the funds.
instructed to conduct appropriate internal investigations "in all ministries,
which defer the use of funds as well as creation of conditions for Ukraine’s
the need to make a protocol decision on the disciplinary responsibility for the
insufficient usage of funds from international financial organizations:
"The country needs the economy to develop. This is a resource that is used
for specific investments, specific infrastructure projects, such as
construction, new jobs and wages."