"Ukraine’s debt is one trillion hryvnias and has reached 100 percent of GDP. During the last year, it increased by three times. It is a serious problem the government tries to ignore," Boiko said.
According to the lawmaker, the Ukrainian government is living on credit alone; it just recently borrowed $12 billion.
Ukrainian officials make foreign visits only with one goal – to ask for loans, Boiko added. While the real economy remains in crisis, the government is not taking measures to increase its budget income and to index wages and pensions.
Earlier, the Ukrainian Finance Ministry reported that as for March 31 the national debt was an estimated $54 billion. However, financial experts have repeatedly warned that by the end of 2015 the situation would be critical, with the debt comprising 90-100 percent of GDP.
