Public debt is growing, mainly due to an increase in long-term concessional financing from international partners.
Ukraine’s state and state-guaranteed debt as of July 31 amounted to 6 trillion 374 billion hryvnias or $155.36 billion. This was confirmed by data from the Ministry of Finance on Wednesday, August 28.
During the month, the value of Ukraine’s debt in hryvnia equivalent increased by 206.16 billion hryvnia, and in dollar equivalent the debt increased by 3.20 billion dollars.
According to the Ministry of Finance, public debt is now growing, mainly due to an increase in long-term concessional financing from international partners. Much of Ukraine’s debt comes from loans received from international financial institutions and other governments.
The government’s foreign currency accounts received $2.483 billion in July. From this value:
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$2.197 billion from the IMF;
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$286 million – from the issuance of foreign currency government bonds.
$185 million was paid for service and debt in foreign currency.
The average rate increased throughout the month by 1.3% – up to 40.99 UAH/dollar.
Let’s recall that in June the amount of the national debt of Ukraine increased in hryvnia equivalent by 52.71 billion hryvnia and by $1.16 billion in dollar equivalent.
As you know, Ukraine has agreed to payments on its external debt. This important step in the debt restructuring process will save $11.4 billion in debt service costs over the next three years.
Source: korrespondent
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