Ukraine's public debt could be restructured closer to end of war – Deputy Head of President's Office Shurma

KYIV. Nov 17 (Interfax-Ukraine) – Ukraine, which has achieved a deferral of repayment and payment of a significant part of external obligations to private creditors and the Paris Club, may enter into negotiations on the final terms of restructuring for the state debt closer to the end of the war, Deputy Head of the President’s Office Rostyslav Shurma has said.

"Closer to the end of the war, we will be able to reach some final terms for the restructuring of this debt," he said at the Kyiv International Economic Forum on Thursday.

According to him, in the course of the great work done by the Ministry of Finance to defer payments, Ukraine saw "an understanding of the financial community in this direction."

According to the forecasts laid down in the state budget 2023, Ukraine’s public debt in 2023 will exceed 100% of GDP, although at the end of 2021 it was about 50.2% of GDP.

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