OREANDA-NEWS.March 19, 2012. Since 2012, the Government has reached the reduction of public debt to GDP ratio. This was informed by the Prime Minister of Ukraine Mykola Azarov in the "Exam for power" program on the First National TV Channel.

"Since 2012 we have a decrease in a share of our debts to our gross national product. That is, if by 2012 this percentage grew up, then in 2012 the first time we are going to reduce this share, it means that the tax burden or the share of debt, debt burden are reduced, that is we will be from year to year it is easier to repay its obligations," stressed Mykola Azarov, noting that the huge debts is the result of a failure economic policies of previous government.

Prime Minister emphasized today the Government borrows "exactly so much as we need to pay a debt," while "in 2009, every second hryvnia, which we spent had been borrowed." "We have not borrowing to wages, not borrowing for the implementation of our various projects, but borrow exactly so much as we need to pay a debt. Accordingly, the level of required borrows has been decreasing," Mykola Azarov underlined.