Ukraine is paying off all its external liabilities on time, Prime Minister Mykola Azarov said in his opening speech at the Ukrainian-Danish Business Forum in Kyiv Monday.

"During the year we have managed to stabilize the situation with our external obligations. As of today, Ukraine absolutely on time settles all its external obligations and has a schedule of repayment, which is based entirely on its own resources," Azarov emphasized.

He added that over the year the government has managed to stabilize the financial and banking system of Ukraine, making this year's expected budget deficit of 3%.

The prime minister noted that Ukraine will continue its cooperation with international financial institutions, in particular, the World Bank, the International Monetary Fund, the European Bank for Reconstruction and Development, the European Investment Bank, etc. "These are financial institutions, which we rely on, with whom we together carry out economic policies aimed at modernizing our country," the head of the government said.

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