Business news from Ukraine

Business news from Ukraine

UKRAINE’S STATE DEBT GROWS BY 1.26% IN U.S. DOLLAR

30 October , 2019  

The total state (direct) and state-guaranteed debt of Ukraine in September 2019 increased by 1.26%, or by $1.03 billion, to $82.95 billion, according to data on Finance Ministry’s website.
According to the ministry, the state debt in the national currency decreased by 3.36%, to UAH 1.997 trillion.
In September, direct government debt in U.S. dollars rose by 1.77%, to $72.99 billion (in hryvnias it fell by 2.86%, to UAH 1.758 trillion), in particular external debt decreased by 2.88%, to $38.66 billion.
The state-guaranteed debt last month decreased by 2.36%, to $9.95 billion (in hryvnias decreased by 6.81%, to UAH 239.73 billion), in particular external one fell by 2.72%, to $9.49 billion.
In general, since the beginning of the year, the aggregate public debt of Ukraine increased by 5.91%, or by $4.63 billion, however, in hryvnia equivalent, due to the strengthening of the national currency, it decreased by 6.72%, or by UAH 143.92 billion.
According to the Finance Ministry, the share of liabilities in U.S. dollars of the overall structure of Ukraine’s public debt fell to 39.58% in September, in euros it decreased to 9.93%, in Canadian dollars to 0.18%, in special borrowing rights to 13.46%, in yen to 0.69%, while in hryvnias it increased to 36.15%.
The official hryvnia exchange rate, according to which the Finance Ministry calculates the national debt, strengthened in September to UAH 24.08/$1 compared to UAH 27.688/$1 at the beginning of the year.