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Ukraine’s national debt increases to $84,4 billion in 2019

Source : 112 Ukraine

At the same time, the national currency debt decreased by $6,8 billion to the level of $80,8 billion
13:16, 28 January 2020

South China Morning Post

In 2019, the total national and government-guaranteed foreign currency debt of Ukraine increased by 7.71% and reached 84,4 billion dollars at the end of 2019. At the same time, the national currency debt decreased by 6,8 billion dollars (7.71%) to the level of 80,8 billion dollars. This was reported by the press service of Ukraine’s Ministry of Finance.

"The fluctuation in the amount of public debt is due, in particular, to the strengthening of the national currency," the Ministry said.

It is noted that the ratio of government and government-guaranteed debt to projected GDP at the end of 2019 is about 50% and public debt is 44% compared to 60.9% and 52.3% at the end of 2018, respectively.

Related: IMF-Ukraine cooperation as a national idea: How to avoid evolving debt crisis?

It is reported that, in 2018, the state budget expenditures on repayment of the national debt amounted to 13,9 billion dollars, and its servicing – 4,8 billion dollars.

As we reported earlier, Ukraine has to repay 16,4 billion dollars of debt during 2020. The external debt amounts to 6,9 billion dollars and internal – to 9,5 billion dollars. This data was published by the Ministry of Finance.

The debt is divided into four parts, with the smallest payment coming in the fourth quarter and the biggest – in the third.

Related: Ukraine has to repay more than $16,4 billion of debt in 2020

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