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Ukraine's national debt has exceeded 6 trillion hryvnias

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Ukraine's national debt has exceeded 6 trillion hryvnias

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In the second quarter of 2024, the total amount of Ukraine's state and state-guaranteed debt increased by 243.7 billion hryvnias in hryvnia terms and by $1.1 billion in dollar terms. This information was reported by the Ministry of Finance's press service.

According to the report, the increase was primarily due to the rise in long-term concessional financing from international partners.

At the same time, since the beginning of 2024, as of June 30, the weighted average cost of Ukraine's state and state-guaranteed debt decreased by 10.3%, from 6.24% to 5.6%.

As of June 30, 2024, Ukraine's state and state-guaranteed debt amounted to 6,168 billion hryvnias, or $152.2 billion, including: external state and state-guaranteed debt — 4,456.4 billion hryvnias (72.3% of the total debt) or $109.9 billion; internal state and state-guaranteed debt — 1,711.6 billion hryvnias (27.7%) or $42.2 billion.

The ministry noted that in terms of creditors, concessional loans from international financial organizations (IFIs) and foreign governments make up the largest portion of the debt at 54%, domestic market-issued securities — 27%, external market-issued securities — 16%, and loans from commercial banks and other financial institutions — 3%.

In terms of currency structure, the state and state-guaranteed debt consists of 35% euros, 26% US dollars, 25% hryvnias, 10% Special Drawing Rights (SDRs), and 4% in other currencies, including British pounds, Canadian dollars, and Japanese yen.

The Odessa Journal
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