exorbitant credit appetites Ukraine now require the government to give 1.9 billion dollars from 3.3 billion third tranche of the IMF loan to pay off external debts. That is, the old loans are returned at the expense of new ones. At the same time actively seeking opportunities further loan: the other day International Poole said the willingness of lenders to grant Ukraine a loan amounting to 1 billion 700 million dollars for the purchase of Russian gas. Asked the same in total over 4 billion ...
A total state debt of Ukraine, according to the Ministry of Finance, as of June 30, at 28.683 billion dollars. In grivnevom equivalent - 218.860 billion (at 6.7 billion hryvnia more than in May). Of these, the external debt - U.S. $ 12.538 billion.
addition to the state, Ukraine has a large corporate debts. According to the NBU, as of early 2009, the gross external debt in the amount of 103.2 billion dollars. In per capita terms it is 2.2 thousand dollars to every Ukrainian (1.8 thousand - in early 2008). In early 2004 the figure was only 0.5 thousand dollars.
Price current lending policy is that all people will be working to pay debts. About 40% of the income of every citizen will go to pay foreign debts, has already starting from 2011, - said Day of President of the Institute for the transformation of society Oleh Soskin. - The budget would need to pledge billions of dollars to repay foreign loans, as is now the third tranche of the need to pay 1.9 billion dollars for the payment of external debt servicing of Ukraine.
According to experts, it is understandable that such amounts will not be able to pay the Ukraine. And as a result of illiteracy of external action by the Government, the National Bank of Ukraine and the President, in fact, it can cause an external default - warns Soskin. Prior to receiving money from the IMF in our public debt was 15.6 billion dollars. And now, when I took 3 tranche, the debt rose to 25 billion. And if you take the fourth tranche, it will be $ 30 billion public debt of Ukraine, -- calculates it.
However, on the other hand, Ukraine could not completely abandon the practice of borrowing. If today is not to take advantage of international financial resources, it is clear that we will have a deeper crisis and the more serious problems. And should not just talk about debt, but also about what is being done directly for these funds, what problems are solved, and that it would be if I did not have the money. What would face our children and grandchildren, if Ukraine is not able to adequately respond to the financial crisis? - Opposing pessimistic statement by the Director of the Institute for Economic Research and Policy Consulting, Igor Burakhovskiy.
crisis caused mainly knock-down of export-oriented industry (chemical and metallurgical), who earned a significant share of the currency for the domestic market. Therefore, the Government was forced to seek other options. And at that time we have had three, said director of the National Institute for Strategic Studies Yury Ruban. The first option - the International Monetary Fund (IMF), the second - the European Union (EU) and the third - Russia. But along with the loans the country receives additional terms (not just money), says an expert. According to Ruban, Russia may provide the money to patch gas debts, but in exchange it would require the gas transmission system. IMF borrowed money, but only under a restructuring program. The EU will also attach conditions. They will be in bringing order to the transmission system. That is what will have to pay for the credits now,and with - very fast, - considers the Director of the National Institute for Strategic Studies.
But future generations will have to pay ... This is billions of billions - continues Ruban. - In our current budget money for maintenance of this type of loan is not. And there are also loan the NBU and commercial banks. That is really good, we sat down in debt .. .
As for the prospects and consequences of sitting in this hole of debt, the thought of experts disagree. Ruban believes that most of the budget will be spent on servicing the external debt it is, rather than, for example, social programs. It is therefore possible for the growth of pensions and other things will be very limited ... Instead Burakhovskiy argues that foreign markets Ukraine has only one large loan - from the IMF. They say, if you look at the level of external debt, the crisis until it was small and acceptable. In fact, the country was not even classified as middle or high levels of debt. In this case, everything is in very acceptable boundaries. What was great and stay great is the debt of Ukrainian corporate agents (banks and enterprises), - notes Burakhovskiy.
Perspectives is a timely return of Ukraine's IMF loan, according to Burakhovskiy will depend on how the future will be the economic policy and how it is inherited. Ukraine has all the prospects for the IMF loan. Until then, it has never been a sovereign default, - gives its forecast Burakhovskiy. - The IMF, in principle, can make the negotiations on the restructuring of the loan. But I would expect that we will stronger will be effective and will in time be on their debts. It was formed so the credibility of the Ukrainian economy and the State as such.
However, the main problem - no credit and no debts, and their proedanie believes Ruban. If they do not guzzle ... If I saw that now these loans into something invested, for example, the updating of production, new technologies that will enable to repay these debts. Instead, the loan funds are now simply taken up, - the experts.
According to expert estimates, today, every citizen of Ukraine, even a newborn, should the foreign creditors of the state about $ 500. And, taking into account the tendency to increase debt (projected up to 30 billion dollars) and reduce the number of people (up to 40 million people), every citizen of Ukraine may be subsequently be 750 dollars ... Click to continue »
