IMF Adjusts Ukraine's Public Debt Forecast: When to Expect a Decrease to 94%.
According to inkorr.com: The International Monetary Fund has updated its forecast regarding the growth of Ukraine's public debt. By the end of this year, it is expected to reach 108.6% of the country's GDP, which is 1.4% lower than the April estimates of 110%.
In its updated report 'Financial Monitor' in Washington, the Director of the IMF's Finance Department, Victor Gaspar, predicts that Ukraine's total public debt will amount to 108.6% of the country's GDP by 2025.
This figure will mark the first time that the public debt exceeds the 'psychological' level of 100%. Next year, experts also anticipate further debt growth to 110.4%. However, from 2027, the Fund expects a gradual decrease to 106.4%. In the following years, the debt will decrease to 102.9% in 2028, 98.3% in 2029, and 94.1% in 2030.
Long-Term Forecasts
Thus, the IMF predicts that the growth of Ukraine's public debt will continue until 2027, after which a decrease is expected. The long-term forecast indicates a reduction to 94.1% by 2030.
The growth of public debt in Ukraine remains a significant issue for the country's economic stability. The situation requires careful monitoring and prompt responses to changes to ensure financial resilience in the future. It is important to note that the IMF's forecasts may vary depending on numerous economic factors and the situation in the country.
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