Finance Ministry to extend average term of state debt repayment to 5-6 years

17:26, 18.04.2013 1 min read

The Finance Ministry of Ukraine is intending to extend the average term of state debt repayment to five or six years, the director of the department for debt and international financial policy at the ministry, Halyna Pakhachuk, has reported.

"While last year the average term of state debt repayment was 4.1 years, in late 2012 the figure was 5.1 years, then this year we plan to extend the term by another couple of months, to about five to six years," she said at the ninth Ukrainian Bond Congress in Kyiv on Thursday.

The priority task of the finance ministry, according to Pakhachuk, is to retain the ratio of direct state debt to the level of GDP at around 30% over the year, and keep to this level in 2014-2015.