Over the past 10 years Ukraine’s national debt increased up to 80% of GDP, while debt service costs exceeded defense spending. Experts believe that the country has no alternative yet to external borrowing, therefore it needs rapid economic growth to get out of debt.
UNIAN: Lesson for Ukraine on how to live within its means
A man stands next to an advertising placard showing British pounds, US dollars and Ukrainian hryvnia banknotes on a warm autumn day in the Ukrainian capital Kyiv on Nov. 12, 2012. (AFP)
