Home
/
News
/

Ukraine public debt increases 1.3% in March

Ukraine public debt increases 1.3% in March

25 April 2013

Ukraine’s state debt increased 1.3% m/m (UAH 6.9 bln) in March to UAH 538.9 bln, according to Finance Ministry data released on April 24. Internal debt remained the key factor, adding UAH 8.8 bln (3.9% m/m) to the debt stock. At the same time, external debt declined 0.6% m/m (UAH 1.8 bln). By the end of March, external debt accounted for 56.2% of the public debt, decreasing slightly from February (57.3%).

Alexander Paraschiy: Exchange rate fluctuations, and in particular SDR weakening, in March were the main reasons for the external debt decline throughout the month. At the same time, internal debt increased on the back of state bond placements (UAH 12.2 bln) and an estimated UAH 2.0 bln in sales of local state bonds by Naftogaz of Ukraine (who received them earlier as a part of an UAH 8.0 bln capital injection). We estimate the current state debt at 37.7% of GDP, which is above our expectations for the year’s end. Provisionally, we expect the year-end public debt to be close to 37% of GDP.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...