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Ukraine’s national debt is again at record levels

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The growth of public debt occurred against the backdrop of Ukraine receiving large volumes of international aid in the form of long-term loans.

At the end of March, the state debt and state guarantee of Ukraine reached 5 trillion 924.25 billion Hryvnia or 151.05 billion dollars. This is a new historical record. These data were released by the Ministry of Finance on Monday, April 29.

Over the past month, the amount of debt increased in hryvnia equivalent by 434.31 billion hryvnia and by 7.36 billion dollar equivalent.

The increase in public debt occurred against the backdrop of Ukraine receiving large volumes of international aid, mainly provided in the form of long-term loans.

We remind you that at the end of 2023, the public debt of Ukraine set a new historical record. And at the end of March it became known that the external debt of Ukraine crossed an important milestone.

It is also reported that Ukraine is preparing for debt restructuring. The need for this became acute after the international rating agency S&P Global Ratings downgraded our state’s credit rating.

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Source: korrespondent

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