Ukraine public debt increased 6% YTD in 11M12

Ukraine’s state debt edged up 1.7% mom in November to reach USD 62.7 bln, the Finance Ministry reported on Dec. 26. Its USD 1.25 bln Eurobonds placement was the main reason for the debt growth. The debt’s structure remained almost unchanged at an external/domestic ratio of 58/42.

Alexander Paraschiy: Despite some increase (by 5.9% YTD), the state debt remains relatively modest. By the end of November, the debt stock was only 35.1% of annualized GDP, which is far below the 60% GDP Maastricht criteria and way better than in Greece and even Poland, where it’s nearly 55% of GDP. In light of the state borrowing plan, we expect the debt/GDP ratio will remain at this level in 2013 too.