Business news from Ukraine

UKRAINE’S STATE DEBT NARROWS IN USD

The aggregate state (direct) and state-guaranteed debt of Ukraine in October 2018 decreased by 0.46%, or by $0.34 billion, to $74.32 billion, according to the website of the Ministry of Finance. In the national currency the state debt fell by 0.93% or UAH 19.69 billion, to UAH 2.093 trillion.
Since the beginning of the year, the total state (direct) and state-guaranteed debt in U.S. dollar terms has decreased by 2.61%, or by $1.99 billion, in hryvnias – by 2.27%, or by UAH 48.6 billion.
The Finance Ministry said that the public debt in October decreased by 0.88%, to UAH 1.811 trillion (in U.S. dollars it decreased by 0.41% to $64.32 billion), while the external debt decreased by 1.02%, to UAH 1.06 trillion (in U.S. dollars decreased by 0.55%, to $37.65 billion).
Last month state-guaranteed debt fell by 1.28%, to UAH 281.65 billion (in U.S. dollars it decreased by 0.81% to $10 billion), including external debt by 1.35% to UAH 269.34 billion (in U.S. dollars decreased by 0.89%, to $9.56 billion).
The ministry also reported that the principal amount of public debt is denominated in U.S. dollars, 44.06%, another 30.18% in hryvnia, 16.21% in special drawing rights (SDR), and 8.39% in euros. In addition, less than 1% of government debt is denominated in Canadian dollars and yen.
The official hryvnia exchange rate, according to which the Ministry of Finance calculates the debt, in October improved to UAH 28.16/$1 from UAH 28.30/$, or by 0.47%, whereas by the end of 2017 it was UAH 28.07/$1.

UKRAINE’S STATE DEBT IN AUG FALLS BY 1.14% IN U.S. DOLLARS, GROWS BY 4.49% IN HRYVNIAS

The aggregate state (direct) and state-guaranteed debt of Ukraine in August 2018 decreased by 1.14%, or by $0.86 billion, to $74.85 billion, according to the website of the Ministry of Finance. In the national currency the state debt grew by 4.49% or UAH 91 billion, to UAH 2.117 trillion.
Since the beginning of the year, the aggregate state (direct) and state-guaranteed debt in U.S. dollar terms declined by 1.91%, or by $1.46 billion, in the hryvnia by 1.17%, or UAH 25.01 billion.
The Ministry of Finance said that public debt in August rose by 4.54%, to UAH 1.83 trillion (in dollars it decreased by 1.09%, to $64.71 billion), and external debt grew by 6.69%, to UAH 1.071 trillion (in dollars it grew by 0.94%, to $37.87 billion).
The state-guaranteed debt for the past month grew by 4.18%, to UAH 286.78 billion (in dollars it fell by 1.43%, to $10.14 billion), in particular external debt by 4.37%, to UAH 273.57 billion (in dollars it declined by 1.25%, to $9.67 billion).
The ministry said the principal amount of the national debt is denominated in U.S. dollars – 43.5%, another 30.24% in the hryvnia, 16.32% in special drawing rights, and 8.78% in euros. In addition, less than 1% of state debt is denominated in Canadian dollars and yen.
The official hryvnia exchange rate, using which the Finance Ministry calculates the debt, in August fell to UAH 28.28/$1 from UAH 26.76/$1, or 5.7%, while by the end of 2017 it was UAH 28.07/$1.

UKRAINE’S STATE DEBT IN DOLLARS SHRINKS BY 1%

Ukraine’s aggregate state (direct) and government-guaranteed debt in May 2018 shrank by 1%, or $0.79 billion, to $76.26 billion, the Ukrainian Finance Ministry has said on its website.
The state debt estimated in the national currency, the hryvnia, declined by 1.4%, or UAH 27.97 billion, to UAH 1.993 trillion.