In July Ukraine?s total public debt rose by 2% mom to USD16 bln. External debt increased by 2.67% mom and totaled USD8.5 mln as of July 31, while internal debt rose 2.17% mom to USD4.5 bln in July. Concorde Capital: For Jan-Jul 2005 Ukraine?s total public debt decreased by USD61.5 mln. Direct external debt decreased by USD329 mln and secured debt dropped by USD313 mln causing a reduction of total debt. On the other hand, internal debt has been increasing steadily since start of the year: 15% ytd. We estimate Ukraine?s total debt will amount to USD15.7 bln (~20% to GDP) by the end of the year.