In 2015, the government intends to borrow 170.4 billion UAH

Of these, domestic borrowing – at UAH 60.141 billion. Foreign borrowings – 110 262 000 000 hryvnia.
In 2015, the Cabinet plans to borrow 170.4 billion. This is stated in the State Budget for 2015.

Thus, according to the document, borrowing next year will amount to 170.403 billion USD. Of these, domestic borrowing – at UAH 60.141 billion. Foreign borrowings – 110 262 000 000 hryvnia. Thus to repay debt next year, the government laid the amount at 122.017 billion USD.

The international financial institutions – EBRD, World Bank, European Investment Bank – is expected to attract investment projects in 2015 loans worth USD 13.012 billion.

Also, according to the draft, the Cabinet will be given the right to issue bonds in excess of established in the Law on State Budget for 2015. The same will be adjusting the limit of public debt by a corresponding amount.

The document listed specific reasons for such excess issue bonds. In particular, the government can go to the following:

First, in the case of acquisition of state property in exchange for the bonds additional shares of banks;

secondly, to exchange notes issued by the Fund Deposit Guarantee;

Thirdly, in the case of acquisition to the state additional shares of the fuel and energy complex, which is 100% owned by the state;

fourthly, for payments for gas “Naftogaz Ukraine” and compensate for the difference in tariffs for heat energy for households heat generating plants using any fuels and energy with the exception of natural gas.

In addition, the draft budget is expected to receive in 2015 the privatization of 17 billion USD.

As you know, the draft state budget is being discussed in the Cabinet.

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