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28 March, 2020

Ukraine's national debt slightly down to $83.4 bln

In hryvnia equivalent, the state debt also slid by almost 1.5%, to UAH 2.048 trillion

The volume of public and government-guaranteed debt of Ukraine in February 2020 slightly decreased in dollar terms by 0.02%, to $83.38 billion, the Ministry of Finance reports. In hryvnia equivalent, the debt for the said period also slid by almost 1.5%, down to UAH 2.048 trillion. The factor influencing fluctuations of the public debt volume was hryvnia devaluation against the dollar, which the National Bank of Ukraine says amounted to 1.8% in February. It is also reported that in February, the Ministry of Finance held four auctions on the placement of government bonds, which attracted UAH 14 billion to the state budget.

According to the ministry, the state budget expenses on paying off the state debt in February this year amounted to UAH 20.1 billion, and another UAH 7.6 billion – on debt maintenance. As UNIAN reported earlier, the volume of public and government-guaranteed debt of Ukraine for 2019 in dollar terms increased by $6.05 billion, or 7.7%, to $84.36 billion. In hryvnia, it decreased by UAH 170.17 billion, or 7.8%, down to UAH 1.998 trillion. As of year-start, the debt-to-GDP ratio stood at 50%.


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