Ukraine's national debt has increased to UAH 6.17 trillion, but has fallen by more than 10% since the beginning of the year - Ministry of Finance
Kyiv • UNN
As of the beginning of July 2024, Ukraine's public and guaranteed debt reached UAH 6.17 trillion or USD 152.2 billion. During the month, the debt increased by UAH 52.71 billion, but its weighted average value has decreased by 10.3% since the beginning of the year.
Ukraine's public and publicly guaranteed debt reached about UAH 6.17 trillion or USD 152.2 billion at the beginning of July, having increased by UAH 52.71 billion (0.86%) in the hryvnia equivalent and by USD 1.16 billion (0.77%) in the dollar equivalent over the month. At the same time, since the beginning of the year, the debt has become cheaper by more than 10%. This was reported by UNN with reference to the operational data of the Ministry of Finance.
Details
"As of June 30, 2024, Ukraine's state and state-guaranteed debt amounted to UAH 6168 billion, or USD 152.2 billion," the Ministry of Finance reported.
As indicated, the state and state-guaranteed external debt amounted to UAH 4456.4 billion (72.3% of the total state and state-guaranteed debt), or USD 109.9 billion; state and state-guaranteed domestic debt - UAH 1711.6 billion (27.7%), or USD 42.2 billion.
In June 2024, according to the Ministry of Finance, the amount of public and publicly guaranteed debt of Ukraine increased by UAH 52.71 billion in the hryvnia equivalent and by USD 1.16 billion in the dollar equivalent.
Overall, in Q2 2024, Ukraine's total public and publicly guaranteed debt increased by UAH 243.7 billion in the hryvnia equivalent and by USD 1.1 billion in the US dollar equivalent, mainly due to an increase in long-term concessional financing from international partners.
At the same time, according to the Ministry of Finance, Ukraine's public and publicly guaranteed debt has become more than 10% cheaper since the beginning of 2024.
"Since the beginning of 2024, as of June 30, the weighted average cost of Ukraine's public and publicly guaranteed debt has decreased by 10.3% - from 6.24 to 5.6%," the Ministry of Finance said.
