OREANDA-NEWS.  July 18, 2012. State debts of Ukraine in the first half of 2012 were repaid in a timely manner. This was reported by Galyna Pahachuk, director of international debt and financial policies of the Ministry of Finance of Ukraine.

Moreover, the service payments and repayment of debt will continue to be carried out according to plan and by the end of the year will remain uniform load on payments for the state budget. As of today the Ministry of Finance on foreign markets repaid 44 billion UAH.

Enforcement of these important tasks carried out accordingly approved by the Government the medium-term strategy for public debt management and the system of debt instruments, which greatly expanded the list in 2012. In particular, the Ministry of Finance is considering the issue treasury obligations of Ukraine in order to attract public funds, including in foreign currency.

Expanding the list of government securities creates conditions for increasing their liquidity, reduce the cost and improve the efficiency of government borrowing. Ministry of Finance, in order to ensure a constant inflow of foreign currency, and will continue to use the foreign exchange instruments on the domestic market.

The development of the internal market is essential this will protect the Ukrainian finance and financial stability in Ukraine. At present, loans are made on the domestic market in various currencies: UAH, euro and dollar.

Thus, even in the first six months the program of loans fulfilled under the state budget by 50%. By the end of the year the program will be implemented.

With the decline in the volume of financial resources in the world and their corresponding price increase, the policy of the Ministry of Finance aims at providing a timely service and repay debt and to fund the budget at an acceptable cost.