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Ukraine’s national debt has dropped by more than 20%

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Ukraine’s public and guaranteed debt amounted to 6.409 trillion hryvnias, or $155.7 billion.

Ukraine’s public debt is becoming cheaper and longer lasting. From the beginning of 2024, its weighted average cost decreased by 21.8% – from 6.24 to 4.88%. This was reported by the press service of the Ministry of Finance on Thursday, October 31.

The average maturity of government debt is more than 11 years. As of September 30, Ukraine’s public and guaranteed debt stood at 6.409 trillion hryvnias, or $155.7 billion.

In the third quarter of 2024, the volume increased in hryvnia equivalent by 241 billion hryvnia, and in dollar equivalent by $3.5 billion, mainly due to an increase in long-term concessional financing from international partners, including from the EU within Finance Facility of Ukraine. instrument.

In terms of creditors, the majority of government and guaranteed debt consists of concessional loans received from international financial organizations (IFOs) and foreign governments – 58%, securities issued in the domestic market account for 27%, securities issued in the foreign market – 12%, and loans received from commercial banks and other financial institutions – 3%.

In terms of the structure of government currency and guaranteed debt, the share of the euro is 36%, hryvnia – 25%, dollar – 24%, SDR – 11%, and in other currencies, in particular sterling, Canadian dollars and Japanese yen – 4%.

We remind you that the amount of state and state-guaranteed debt of Ukraine in September increased by UAH 32.31 billion, and in dollar equivalent – by USD 0.87 billion.

What is the reason for the decrease in our country’s debt?


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Source: korrespondent

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