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25 June, 2013 17:42   ▪  

Bloomberg: Ukraine’s Gross Foreign Debt climbs 0.9% as borrowing increases

“Ukraine’s gross foreign debt grew 0.9 percent in the first quarter from the previous three months as government, banks and companies tapped international markets,” Boomberg reports.

Debt rose to $136.3 billion as of April 1, equal to 76.9 percent of gross domestic product, from $135.1 billion on Jan. 1, the Ukraine National Bank, based in the capital, Kiev, said today on its website.

READ ALSO: Addicted to Spending

More than 76 percent of the total was denominated in dollars, the central bank said.

Short-term debt that matures in the next 12 months fell 0.2 percent to $60.1 billion in the first quarter, according to the central bank.

READ ALSO: The National Budget and Bureaucratic Brazenness


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