OREANDA-NEWS.  May 13, 2013. Medium-Term debt management strategy for 2013-2015 has been approved. The decree № 320 "On approval of the Medium-Term debt management strategy for 2013-2015," the Cabinet of Ministers adopted.

As it is reported in the Strategy during 2012 the maintenance of public debt at around 28.5 percent of GDP is ensured, which is 1.5 % points below the threshold set by the end of the mentioned period.

In 2013 the total public debt is planned in the amount of UAH 135.5 billion, of which UAH 92.9 billion (68.6 percent) are domestic borrowings, UAH 42.7 billion (31.4 percent) - external borrowing.

Taking into account such amount of borrowings that provided in the Law of Ukraine "On the State Budget of Ukraine for 2013" the national debt in national currency will be UAH 483 billion.

In 2014 and 2015 projected the amount of borrowing will be respectively UAH 131.4 billion and UAH 125.6 billion.

The main factor for increasing the debt burden on the state budget in the short and medium term is the need to repay foreign debts among which the largest amount is a loan of the International Monetary Fund.

During 2013 year the peak load on the budget is expected in May, June, August and November due to the repayment of IMF loans and Bonds of foreign bills of 2003 year.

Implementation of the Strategy will achieve by the end of 2013, 2014 and 2015 the following results:

the ratio of government debt to GDP to be at a level not more than 30.6 percent, 30.9 percent and 31 percent;

the share of domestic debt to be not less than 50 percent;

weighted average maturity of public debt to be not less than 5.1, 5.3 and 5.4 years;

share of public debt at a fixed rate to be not less than 65 percent;

share of public debt that refinanced in the same period in the total public debt at the beginning of that period to be approximately no more than 20 percent.