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Ukraine’s national debt increased by UAH 37 billion in August

Photo: Ministry of Finance

The amount of public debt in August increased mainly due to the receipt of the seventh tranche of 1.5 billion euros as part of the EU’s macro-financial assistance.

The amount of the state and state-guaranteed debt of Ukraine in August increased by UAH 36.96 billion, in dollar equivalent – by $1.01 billion. This was reported by the press service of the Ministry of Finance.

It was noted that as of August 31, the state debt and state guarantee of Ukraine reached 4.89 trillion. UAH or $133.93 billion, in particular: external debt – 3.35 trillion. UAH domestic debt – UAH 1.54 trillion (31.53%) or $42.22 billion.

According to the Ministry of Finance, the amount of public debt in August increased mainly due to the receipt of the seventh tranche of 1.5 billion euros as part of the EU’s macro-financial assistance.

The largest share of government and guaranteed debt consists of loans received from international financial organizations and foreign governments (45.23%). This is followed by borrowing in the domestic market through the sale of government securities (30.21%), debt issued securities in the foreign market (18.1%) and other creditors (6.46%).

As for the currency structure of the debt, UAH 1.29 trillion (26.42%) is in US dollars, UAH 1.42 trillion (29.17%) – in euros, UAH 1.4 trillion (28.75%) – in hryvnias, UAH 767.09 billion (15.67 %) – in other currencies.

It was reported that at the beginning of the year, the amount of government debt and government guarantees decreased by 0.71 percentage points to 6.97%. At the same time, the average period until repayment of Ukraine’s debt increased by almost 11 months – to 9.35 years.

In August, 15 auctions were held to issue government bonds. UAH 27.25 billion was raised. to finance the state budget.

It was also noted that the level of refinancing of bonds in the market of local government loans at the end of August was 133%, while the level of refinancing of government bonds denominated in Hryvnia was 148%, in US dollars – 106%, in euros. – 114%.

Infographics of the Ministry of Finance on the national debt of Ukraine
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Source: korrespondent

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