The International Monetary Fund (IMF) predicts that gross state (direct) and guaranteed debt of Ukraine would decrease to 53% of GDP by late 2023, according to a report of Fiscal monitor, writes Interfax-Ukraine.
According to the IMF, in 2018 the state debt of the country will be 70.5 % of GDP, next year – 68.8% of GDP, in 2020 – 64.4 % of GDP, in 2021 – 60.4 % of GDP, and in 2022 – 56.4 % In addition, the IMF predicts a growing deficit of the consolidated budget of Ukraine in the next two years. According to IMF estimates, the budget deficit this year will amount to 2.5 % of GDP and up to 2.1 % of GDP in 2023. The IMF estimates revenue to the consolidated budget in 2018 at 40.5% of GDP while spending 43 % of GDP. The forecast for 2019 implies growth in budget revenues to 40.7 % of GDP and at the same time expenditures to 43.3 % of GDP, in 2023, a slight increase is expected – revenues – to 39.8 % of GDP, expenditures – to 41.8 % of GDP.