The amount of Ukraine’s public and government-guaranteed debt rose by $1.06 billion in dollar terms, or by 1.4%, to $77.37 billion. At the same time, when expressed in hryvnia equivalent, the public debt over the first quarter of the current year dropped 4.1%, to UAH 2.054 trillion, according to the Ministry of Finance’s report published on the institution’s official website, UNIAN reports.
The rise in dollar equivalent of the total structure of the country’s public debt is due to a higher debt on securities issued in the domestic market.
On the other hand, the fall in hryvnia equivalent is caused by the repayment of debt on loans from international financial donors and on securities issued overseas.
Over 2017, the public and government-debt of Ukraine added 7.5%, to reach $76.3 billion in dollar terms, and by 11% in hryvnia equivalent. The Ukrainian government intends to cut the level of the nation’s public and government-guaranteed debt to 60% of the gross domestic product, from the current 72% of GDP (as of the end of 2017).