Ukraine’s aggregate public debt in November 2022 rose by 4.2%: in dollar terms – by $4.34 billion, to $107.46 billion, in UAH – by UAH 158.7 billion, to UAH 3.930 trillion, according to the Ministry of Finance website.
According to them, direct government debt last month increased by 4.5% to $97.69 billion, or 3.572 trillion UAH, mainly due to a loan from the European Union ($2.95 billion) and placement of government bonds ($0.56 billion, or 20.44 billion UAH).
External direct debt, in particular, rose by 6.4% or $3.68 billion to $61.48 billion, while the domestic direct debt increased by 1.6% or 20.44 billion UAH to 1.324 trillion UAH (the equivalent of $36.21 billion).
According to the Ministry of Finance, the state-guaranteed debt in November increased by 1.1% in dollar terms, or $0.1 billion – to $9.77 billion, while in UAH – by 3.83 billion UAH, to 357.4 billion UAH.
The main share of state-guaranteed debt falls on the foreign debt, which rose in November by 1.6% or $0.12 billion to $7.83 billion.
Since the beginning of 2022, Ukraine’s aggregate national debt in dollar terms increased by 9.7%, or $ 9.51 billion, while in UAH it jumped by 47.1%, or 1.258 trillion UAH.
The total external public debt of Ukraine for 11 months of this year increased by 21.2%, or $12.1 billion – to $69.3 billion, while the total internal debt – by 25.5%, or UAH 283.7 billion – to UAH 1.395 trillion.
According to the Ministry of Finance, the share of obligations in dollars at the end of November was 31.22%, in euros – 21.03%, in SDR – 13.62%, in Canadian dollars – 1.00%, in yen – 0.90%, British pounds – 0.02%, while in hryvnia – 32.21%.
The Ministry also clarified that 67.14% of the national debt has a fixed interest rate, while 13.62% is linked to the IMF rate, 6.69% – to SOFR, 4.31% – to Libor, 0.43% – to EURIBOR.
Another 3.69% of the government debt is tied to the consumer price index, while 3.74% is tied to the NBU discount rate. We are talking about government bonds from the portfolio of the National Bank, the most recent are papers with a link to the discount rate, which the NBU buys within the framework of the emission financing of the budget.
Finally, 0.38% of the government debt has a rate linked to the Ukrainian index of interest rates on deposits of individuals, used in portfolio guarantee programs.
