KYIV, Nov 11 – Finance Minister Oksana Markarova said that in two years Ukraine seeks to cut state debt to 40% of GDP and will strive for deficit-free budget in the future.

She said on the Freedom of Speech by Savik Shuster program on the Ukraina TV Channel last week that permanent restructuring of state deb is unfavorable, as it would give the country fewer resources today than reputation losses.

"Ukraine has always been very unpredictable. We rapidly increased our debt from 2006 to 2008, then it also grew rapidly from 2013 to 2014, because it was in foreign currency, because in 2013, three billion in foreign currency was borrowed. We need to move away from this. That is, now we are again reducing debt compared with GDP, and this year it is less than 60%," Markarova said.