How much is Ukraine’s public debt now? (Photo: designer491 / Alamy via Reuters)
Ukraine’s national debt increased by 1.46 trillion hryvnias ($20.7 billion) in 2024, primarily due to long-term concessional financing from international partners, the Ministry of Finance reported on Feb. 6.
The European Union was the largest source of funding for Ukraine’s state budget in 2024.
Throughout the year, Ukraine’s concessional debt to the EU increased by 600.5 billion hryvnias ($11.1 billion), with repayments to be compensated by EU member states, the Finance Ministry added.
As of Dec. 31, 2024, Ukraine’s total public and state-guaranteed debt stood at 6.98 trillion hryvnias ($166.1 billion). Of this, external debt amounted to 5.05 trillion hryvnias ($120.1 billion), or 72.3% of the total, while domestic debt was 1.93 trillion hryvnias ($46 billion), or 27.7%.
Preliminary calculations indicate that Ukraine’s public debt-to-GDP ratio for 2024 is 87.9%.
In terms of the currency structure of public and guaranteed debt, the share of euros is 33%, U.S. dollars – 27%, hryvnia – 25%, SDRs (special drawing rights) – 11%, and other currencies, including pounds sterling, Canadian dollars and Japanese yen – 4%.
“The trend towards lengthening the maturity of public debt and reducing its cost has been observed both during the reporting period and over the past few years,” the Ministry of Finance said.
“Since 2022, as of Dec. 31, 2024, the weighted average cost of Ukraine’s public and publicly guaranteed debt has decreased by 1.5 times – from 7.79% to 5.09%, and the weighted average maturity has increased by 2 times – from 6.27 years to 12.26 years.”
In September 2024, the Finance Ministry reported that Ukraine’s public debt had decreased by $9 billion following a restructuring.
Will you support Ukraine’s free press?
Dear reader, as all news organizations, we must balance the pressures of delivering timely, accurate, and relevant stories with requirements to fund our business operations.
As a Ukrainian-based media, we also have another responsibility – to amplify Ukraine’s voice to the world during the crucial moment of its existence as a political nation.
It’s the support of our readers that lets us continue doing our job. We keep our essential reporting free because we believe in our ultimate purpose: an independent, democratic Ukraine.
If you’re willing to support Ukraine, consider subscribing to our Patreon starting from 5$ per month. We are immensely grateful.
Please help us continue fighting Russian propaganda.
Truth can be hard to tell from fiction these days. Every viewpoint has its audience of backers and supporters, no matter how absurd.
If conscious disinformation is reinforced by state propaganda apparatus and budget, its outcomes may become deadly.
There is no solution to this, other than independent, honest, and accurate reporting.
We remain committed to empowering the Ukrainian voice to push against the muck. If you’re willing to stand up for the truth – consider supporting us on Patreon starting from 5$ per month. Thank you very much.
Will you help tell Ukraine’s story to the world?
Twenty years ago, most people hadn’t even heard of Ukraine. Today, the country is on everyone’s lips and everyone’s headlines. War pushed us on the front page. But there are many other things we do that we are proud of – from music and culture to technology.
We need your help to tell the world Ukrainian story of resilience, joy, and survival. If you’re willing to back our effort, consider supporting us on Patreon starting from 5$ per month. We are immensely grateful.
Follow us on Twitter, Facebook and Google News
If you find an error in the text, select it with the mouse and click
Теги: Ukraine public debt grant Finance Ministry European Union (EU) funding
NV Премиум это:
or
Продолжить читать материалы открытого доступа
назад ко входу
Мы отправили вам письмо с ссылкой на создание нового пароля
Если письмо не пришло в течение нескольких минут, пожалуйста, проверьте папку Спам.
В случае возникновения проблем, пожалуйста, напишите в службу поддержки support@nv.ua
About using cookies
By continuing to browse NV.ua, you confirm that you have read the Terms of Use of the site and agree to the use of cookies.
