Business news from Ukraine

UKRAINE’S STATE DEBT DOWN IN AUGUST

28 September , 2021  

The total public debt of Ukraine in August 2021 in U.S. dollars decreased by 0.5%, or by $440 million, to $92.53 billion, the Ministry of Finance said on its website.
According to the ministry, in hryvnia terms, due to the slight strengthening of the hryvnia, the national debt decreased by 0.6%, or by UAH 14.28 billion, to UAH 2.485 trillion.
The Ministry of Finance specified that external debt in August also decreased by 0.5%, or by $290 million, to $54.49 billion, including direct – by 0.3%, or by $120 million, to $45.41 billion.
According to the ministry, in August, state guarantees on loans from Ukreximbank increased by UAH 4.58 billion, to UAH 10.85 billion, as a result of which the domestic state-guaranteed debt also increased by UAH 4.63 billion, to UAH 41.42 billion. However, due to the redemption of government bonds, as a whole the aggregate domestic public debt in the past month decreased by 0.5%, or by UAH 5.11 billion, to UAH 1.022 trillion.
In general, since the beginning of the year in dollar terms, the total state debt of Ukraine has increased by 2.5%, or by $2.3 billion, while thanks to the strengthening of the hryvnia to UAH 26.86/$1 from UAH 28.27/$1, in hryvnia terms it has decreased by 2.6%, or by UAH 66.5 billion.