Klimenko: Every citizen of this country owes to foreign creditors 993 dollar
According to former Minister of the parish of funds and duties of Ukraine Oleksandr Klymenko, every citizen owes to foreign creditors of the country 993 dollar, this amount is derived in terms of a country's external debt per capita of the inhabitants.
According to former Minister of the parish of funds and duties of Ukraine Oleksandr Klymenko, every citizen owes to external creditors state of 993 dollar, this amount is derived in terms of a country's external debt per capita of the inhabitants.
"Total debt of Ukraine, then there is country, business to external creditors is slightly more than 126 billion dollars. Specifically, the state is obliged 42, 5 billion. A lot or a little? Quite A Lot. In terms of every Ukrainian, including the elderly and children, owes external creditors 993 dollar, " wrote Klimenko in your own Facebook." The real problem is that almost $ 30 billion, our country must pay over the next 4 years. It's about $ 360 c of each of us, " emphasizes Klimenko." The lion's share of the debt of 80% of the banks and lenders from the USA. About 6% of the debts - the Russian Federation, BY 4% - the EU and China, " adds Klimenko. According to the former Minister, the largest private lender of the state is the American Fund Franklin Resources, which owns debt of Ukraine in the amount of 6, 5 billion. Main discussions ON restructuring At this time go with this Fund.
Review Klimenko, Ukraine is unable to pay off this debt." It is considered that the servicing of foreign debt cannot go more than 20% of exports. Export of items and services from Ukraine in 2014 amounted to about 65, $ 2 billion. The idea is that the normal maximum costs of servicing the external public debt must not exceed 13 billion But given the domestic debt of the country (VAT, advance payments, Etc.), as well As the actual wealth of the war, Ukraine would pay about $ 5-6 billion. A year. But even such money is scarce in the Ukrainian budget simply no, " said the former Minister. If the government of the state will be able to come to a common understanding with foreign creditors on debt relief or postponement of their return, Kiev will have to declare a default, emphasizes Klimenko." Results of default will be the downfall of investment attractiveness, the cessation of foreign loans, the mass recognition of the economic insolvency of credit institutions and the fall in the exchange rate, " explains the ex-Minister. According to his statement, the default shall not be catastrophic consequences For the government. For Kiev Is the ability to write off part of the external debt, and to ease the monetary burden on the budget. But For Residents of Ukraine Is another check: the fall of the hryvnia, setting a new price for the products and cuts in welfare benefits, highlights Klimenko. Remember, may 19, the Verkhovna Rada of Ukraine adopted the law that will give the ability to suspend payments ON restructured debt. The Minister of Finance of Russia Anton Siluanov said that Moscow will turn to international court if the head of Ukraine Petro Poroshenko will sign the law on the moratorium on the payment of external debt of Ukraine. First source said that the lawsuit filed BY Russia regarding the non-payment of Ukraine's debt in 3 billion dollars, in the event of such a situation may last for several years. ACCORDING to him, the next tranche of financial aid from the international monetary Fund (IMF) For Ukraine is impossible without agreements with holders of its bonds. For its part, a source in the EU institutions was informed that a technical default of Ukraine will undermine the state's ability to attract private investment programme of the European Union, as well As among them IN the line of the European Bank for restoration and development and the European investment Bank.