The government will borrow 230 billion

The government continues to borrow. Photo: Erve

The Ministry of Finance of Ukraine plans this year to place debt instruments of nearly 232 billion, including in 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%, short – term instruments 12.9% with the 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 hryvnias.

Meanwhile, the national Bank Board decided on 25 January to raise the discount rate to 16% per annum.