OREANDA-NEWS. December 02, 2009. In October 2009, Public Debt rose by 0.7%, m/m to USD 35.2bn (UAH 281.3bn), while the Budget Deficit grew 15.9%, m/m to UAH 27.9bn.

As Millennium Capital expected, the Budget Deficit continues rising due to insufficient budget revenues and significant expenditures in the pre-election period. However, since the main Budget inflows have already been credited to the State Budget, Millennium Capital expects that the Budget deficit will exceed UAH 50bn in November-December 2009. At the same time, Millennium Capital expects a slight increase in Public Debt (to USD 38bn in 2009), mainly due to the local bonds sale and the loans provision guaranteed by the government.