The debts of the former company Ukravtodor amount to more than USD 700 million and create risks for the state budget.
This was announced by the head of the Verkhovna Rada's Budget Committee Roksolana Pidlasa (Servant of the People) on Facebook, Ukrainian News Agency reports.
On July 18, the Verkhovna Rada adopted bill 11396 as a whole, which allows the Government to take the state-guaranteed debt of the former Ukravtodor into the "perimeter" of the state debt and carry out its restructuring (we are talking about a series of Eurobonds in 2021 for a total amount of USD 700 million + interest).
"Unfortunately, we are forced to state that the Recovery Agency is unable to carry out such a restructuring on its own, which creates a direct risk for the state budget," the MP wrote.
In addition, with the aforementioned bill, the Verkhovna Rada allowed the Cabinet of Ministers to suspend payments on the external state debt until October 2024.
As Ukrainian News Agency earlier reported, the total state (direct and guaranteed) debt of Ukraine in May compared to the previous month decreased by 0.3%, or by USD 0.53 billion, to USD 150.99 billion.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.