A massive Russian invasion caused Ukraine’s nominal GDP to drop to $161 billion.
According to the results of 2022, the state and state-guaranteed debt of Ukraine increased by $13.4 billion and reached 78.5% of GDP. About this the other day reported Department of Finance.
“A full-scale Russian invasion in 2022 led to a drop in Ukraine’s nominal GDP to $161 billion and an increase in the ratio of Ukraine’s public debt to GDP to 71.6% from 43.3% in 2021. Debt increased by $13 of Ukraine’s public and guaranteed public by $13 in 2022 .4 billion to 78.5% of GDP by the end of the year, from 48.9% in 2021.
The dynamics of the growth of the state debt of Ukraine. Infographic: Ministry of Finance
As a reminder, following the results of February 2023, the Ministry of Finance announced a reduction in public debt in hryvnia equivalent to 21.62 billion hryvnias and in dollar value by 0.59 billion dollars.
The calendar of debt payments of Ukraine for the current year was also made public. In total, the country must pay more than $13 billion.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.