The government will borrow 230 billion UAH

The government continues to borrow. Photo: Erve

The Ministry of Finance of Ukraine plans this year to place debt instruments of nearly 232 billion UAH, including on foreign markets – 108,2 billion, or 46.6 per cent.

Forecasts indicate that the largest share will be long-term instruments – 55.1 per cent, medium-term instruments will amount to 31.9%, the short – 12,9%, reports “Correspondent”.

The Finance Ministry added that the special Fund is expected to attract funds from international financial institutions to Finance projects of development of economy and the budgetary sphere for the sum of 17 billion UAH.

The Board of the national Bank passed a decision on January 25 to raise the discount rate to 16% per annum.