The economist: “alignment” of the economy of Ukraine may come at the expense of the virtual currency

Экономист: «выравнивание» экономики Украины может произойти за счет виртуальной валюты

The fact that the IMF estimates, Ukraine’s public debt after 5 years will decrease by almost 20% of GDP is unlikely, however, “alignment” of the economy can only occur through virtual currency.

Comments about this correspondent of ГолосUA economist said Elena Borzenko.

“The IMF has the whole scientific institutions working on this issue (about the public debt – Ed.). This Fund plans that have adopted our banking system that is for 5 years. However, while it is (according to IMF estimates, in 2018 the national debt will amount to 70.5% of GDP next year was 68.8% of GDP in 2020 – 64,4% of GDP, in 2021 is 60.4% of GDP in 2022 – 56.4 per cent), on paper it’s all calculated. In fact, if the economy doesn’t rise, it still depends on the election. Today, if we look at it some unrealistic predictions. 70.5% of GDP in 2018 – is quite acceptable figure,” – said the economist.

According to E. Borzenko, that the national debt will decrease by almost 20% of GDP after 5 years, it is of course unlikely.

“Our economy can be called a “algonomics” if scientific, it is “lending” the economy. That is, we live in debt for loans. There are examples of African countries that have about the same live. Well, only now the leap might be, it is due to virtual operations, and currency. It is like “netsphere” financially, and in Ukraine it is very much evolving. It can equalize the situation. Because if we have formed mining farm virtual financial world, global flows can drag-and-dropped. And NBU asks permission from the European Central Bank. And the ECB does not welcome the currency. Not that there banned the bitcoin, but still. However, whether they like it or not, in Norway introduced in the first grade in the school subject, and children learn the virtual currency. In Japan, even the government has made a tax credit to companies that do this. I see this kind of alignment (not salvation) of the economy,” she said.

We will remind, the international monetary Fund predicts decline in the level of total public and publicly guaranteed debt of Ukraine to 53% of GDP by the end of 2023. The forecast given in the report of the Fiscal monitor.

According to IMF estimates, in 2018 the national debt will amount to 70.5% of GDP next year was 68.8% of GDP in 2020 – 64,4% of GDP, in 2021 is 60.4% of GDP in 2022 – of 56.4%.

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