The Verkhovna Rada of Ukraine adopted in the first reading the draft law "On the State Debt of Ukraine". 306 people's deputies voted for the adoption of such a decision, - reports a LIGABiznesInform correspondent. \n \nThe draft law defines the concept, as well as the composition of the state debt, the procedure for its creation and management, and control over its state. \n \nAccording to the draft, the state debt is the total amount of unconditional debt obligations of the state with respect to credits (loans) received and not repaid as of a certain date, arising as a result of state borrowing. \n \nRepayment and servicing of Ukraine's state debt shall be carried out at the expense of funds provided for this purpose in the Law of Ukraine on the State Budget for the respective year. \n \nThe draft law also defines the procedure for concluding agreements on state borrowing, the maximum amounts of state debt, and provides for maintaining the Register of state and state-guaranteed debt. \n \nControl over the state of the state debt is entrusted to the Verkhovna Rada and the Cabinet of Ministers of Ukraine. \n