The Cabinet of Ministers of Ukraine has approved a medium-term public debt management strategy for 2013-2015, the press service of the Cabinet reported.

A corresponding resolution was adopted on April 29.

"The total amount of government debt for 2013 is projected at 135.5 billion UAH, of which 92.9 billion UAH (68.6%) is domestic debt and 42.7 billion UAH (31.4%) is foreign debt. Public debt in the national currency in 2013 will amount to 483 billion UAH. In 2014 and 2015 the projected amount of borrowing will be 131.4 billion UAH and 125.6 billion UAH respectively," reads the document, Ukrinform reported.

The main factor in increasing the debt burden on the state budget in the short and medium term is the need to repay foreign debt, including a loan from the International Monetary Fund.

The peak load on the state budget in 2013 is expected in May, June, August and November due to the repayment of the IMF loan and foreign government bonds of 2003.

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