"When we took
office, we had an external debt worth US$ 73 billion. Today, the debt commitment
of Ukraine makes up US$ 66 billion. Minus US$6 billion is our answer to those
who say that we can take loans and incur additional debts. We have learned to
take loans and reduce debts," stressed Prime Minister of Ukraine Arseniy
Yatsenyuk in the Parliament during the report of the Government of Ukraine for
the year’s activity on Friday, December 11.
He stressed that
the Government takes these loans "exceptionally for the reason to replace
the expensive loans taken by the previous governments with cheaper and
long-term loans and reduce the debt burden".
expressed gratitude to the Parliament for they had supported restructuring of
the debt liabilities of the country: "When we came to the Ukrainian Government,
the total debt of Ukraine amounted US$ 73 billion. It wasn’t us who accumulated
these debts - for four years of the previous regime they had taken US$ 35
billion. We have conducted restructuring, thus part of the debt was written off
while another part of debt payments was suspended for four years".
The PM noted that
due to the restructuring the Government had managed to reduce the public debt
by nearly UAH 10 billion as planned for 2016.
In addition, the
Government and the Parliament have agreed to restructure debts of the Savings
Bank and the Ukreximbank: "We have restructured
the debts of the Ukrzaliznysia, the Pivdenne Design Office, the Ukravtodor.
"Our common objective
to reduce debts and ease the debt burden is being implemented," said