The Ministry of Finance of Ukraine reported that in February 2025, the amount of state and state-guaranteed debt of our state decreased in hryvnia equivalent by UAH 48.48 billion.
At the same time, in dollar terms, the debt increased by 9.5 million, UNN writes with reference to the Ministry of Finance website.
It is noted that as of February 28, 2025, the total amount of state and state-guaranteed debt amounted to UAH 7,019.53 billion (USD 169.09 billion), including:
- state and state-guaranteed external debt – UAH 5,106.73 billion (72.75% of the total amount);
- or 123.01 billion US dollars;
- state and state-guaranteed domestic debt – UAH 1,912.80 billion (27.25%) or USD 46.08 billion.
During the month, the state domestic debt decreased by UAH 15.48 billion. In February 2025, UA4000204150 bonds were redeemed for more than UAH 41 billion.
The Ministry of Finance is reducing the volume of borrowing on the domestic market in order to reduce the cost of servicing public debt, covering financing needs through large volumes of concessional financing from international partners.
By category of creditors, most of the debt falls on:
- international financial organizations (IFIs) and governments of foreign countries – 57.82%;
- domestic market through the sale of government securities – 26.2%; • external markets through issued securities – 9%;
- other creditors – 6.98%.
Ukraine's state and guaranteed debt is distributed by currency as follows:
- US dollars – UAH 1,828.05 billion (26.18%);
- euro – UAH 2,405.88 billion (34.27%);
- hryvnia – UAH 1,755.97 billion (25.02%);
- other currencies (SDRs, pounds sterling, Canadian dollars, Japanese yen) – UAH 1,019.63 billion (14.52%).
In February 2025, the Ministry of Finance held ten auctions to place domestic government bonds (domestic government bonds). At the same time, UAH 26.4 billion was raised to finance the state budget.
Addition
Global government borrowing is expected to reach a record $12.3 trillion this year. This is happening against the backdrop of rising defense and other spending by the largest economies, and higher interest rates will collectively push debt levels up.