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News / 30 January 2009 | 13:20
Tymoshenko: state debt of Ukraine is one of the lowest in the world

Tymoshenko: state debt of Ukraine is one of the lowest in the world


Prime Minister of Ukraine Yulia Tymoshenko stands for financing of large-scale projects in different industries of economy at the expense of increase of the state debt of the country.

At the meeting on economic crisis in the construction industry Tymoshenko noted that the state debt of Ukraine is 11% of GDP and underlined that “it is one of the lowest in the world.”

According to Tymoshenko, “it makes Ukraine absolutely solvent comparing to other countries, which have 70-90% of GDP debts. We have a resource to give state guarantees.”

The premier added that she constantly holds meetings with “big investors, who want to come to Ukraine and to build ports, airports and roads.” “AS a rule, they are in one thing – guarantees of the government,” Tymoshenko said.

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