Business news from Ukraine

UKRAINE’S GROSS FOREIGN DEBT DOWN 0.25% IN Q1

19 June , 2018  

Ukraine’s gross foreign debt amounted to $116.29 billion as of early April 2018, which was 0.25% or $288 million less than at the beginning of the year, the National Bank of Ukraine (NBU) reported on its website on Tuesday. According to the central bank, government debt in Q1 2018 increased by 0.39%, to $39.153 billion, NBU liabilities decreased by 0.47%, to $7.403 billion. Government debt and NBU liabilities are represented exclusively by long-term borrowings.
The liabilities of deposit corporations in the reporting period increased by 0.8%, to $6.236 billion, other sectors decreased by 1.11%, to $53.861 billion and debt on direct investments grew by 0.37%, to $9.587 billion.
The lion’s share of gross external debt is denominated in U.S. dollars – 70.9%. Another 13% are liabilities in euros and 11.8% in SDR (special drawing rights). The National Bank also said that net gross external assets as of early April 2018 amounted to $5.032 billion, whereas as of late 2017 the net gross external debt was $4.111 billion.
As reported, 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. In the national currency, the national debt declined by 1.59%, or by UAH 32.62 billion, to UAH 2.021 trillion. 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.