Business news from Ukraine


29 May , 2018  

The aggregate state (direct) and state-guaranteed debt of Ukraine in April 2018 decreased by 0.41%, or by $320 million, to $77.05 billion, according to the website of the Ministry of Finance.
In the national currency, the national debt declined by 1.59%, or by UAH 32.62 billion, to UAH 2.021 trillion.
According to the Ministry of Finance, the reduction of state and state-guaranteed debt is due to both the repayment of part of obligations and the strengthening of the national currency exchange rate in the reporting period.
Since the beginning of the year, the aggregate state (direct) and state-guaranteed debt in U.S. dollar terms increased by 0.97%, or by $740 million, in the hryvnia declined by 5.64%, or by UAH 120.7 billion.
The ministry said public debt in April fell by 1.36%, to UAH 1.749 trillion (in dollars by 0.18%, to $66.67 billion), in particular external debt by 1.9%, to UAH 1.003 billion (in dollars by 0.73%, to $38.22 billion).
The state-guaranteed debt in April fell by 3.03%, to UAH 272.24 billion (in dollars by 1.87%, to $10.38 billion), in particular the external one by 3.19%, to UAH 258.54 billion (in dollars by 2.03%, to $9.86 billion).
The ministry noted the principal amount of the national debt was denominated in U.S. dollars – 41.35%, another 31.93% was in the hryvnia, 17.66% in special drawing rights, 7.9% in euros. In addition, less than 1% of the national debt is denominated in Canadian dollars and yen.