Ukraine state debt increases 0.7% m/m in March
26 April 2019
Ukraine’s state and state-guaranteed increased 0.7%
m/m to USD 78.8 bln in March, the Finance Ministry reported on Apr. 25. State
domestic debt increased 0.9% m/m to USD 28.1 bln, state foreign debt rose 1.4%
m/m to USD 40.2 bln. State-guaranteed debt dropped 2.5% m/m to USD 10.6 bln.
In UAH terms, overall state debt increased 1.6% m/m.
Evgeniya Akhtyrko: The March
state foreign debt statistics reflected a Deutsche Bank loan for EUR 529 mlnattracted by the government on Feb. 28 under a guarantee of the World Bank.
Meanwhile, state domestic debt increased in March as newly attracted government
debt from the placement of local bonds exceeded redemptions.
In particular, the newly placed domestic debt reached
UAH 27.2 bln, while repayments amounted to UAH 15.0 bln (in the equivalent).
Meanwhile, the state-guaranteed debt declined mostly due to reduced positions
with several foreign banks.
We project state and state-guaranteed debt will
increase to USD 80.8 bln in 2019, or around 62% of GDP (vs. USD 70.3 bln, or
60.9% of GDP in 2018).
