Ukraine's public debt exceeds $76 bln

Ukraine's public debt exceeds $76 bln

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Ukrinform
Ukraine's gross public debt grew by 1.39%, or $1.05 billion, to $76.06 billion in July 2017, the Ekonomichna Pravda online news site has reported. 

"Public and publicly guaranteed debt at the end of July amounted to UAH 1.971 trillion, or $76.06 billion, compared to UAH 1.957 trillion, or $75.01 billion, a month earlier," reads the report, citing Finance Ministry figures.

Direct public debt as of July 31 reached UAH 1.659 trillion ($64.04 billion) compared to UAH 1.651 trillion, or $63.26 billion, a month earlier.

At the same time, direct foreign debt grew by $0.19 billion, to $37.44 billion, whereas direct domestic debt rose to UAH 689.42 billion ($26.6 billion).

Publicly guaranteed debt as of July 31 was UAH 311.46 billion, or $12.02 billion.

It should be noted that an increase in the amount of public debt in U.S. dollars with its reduction in hryvnias is a consequence of the change in the official exchange rate of the hryvnia.

On July 31, 2017, the official exchange rate of the hryvnia to the dollar according to the central bank was 25.91, while on June 30, 2017 it was 26.09.

On July 13, the Verkhovna Rada introduced amendments to Ukraine's state budget for 2017, in which the maximum amount of public debt was increased from UAH 1.7167 trillion to UAH 1.8237 trillion due to the additional capitalization of PrivatBank.

In 2016, Ukraine's gross public debt grew from $65.51 billion to $70.97 billion. Expenditures on servicing Ukraine's public debt in 2016 amounted to UAH 95.8 billion, which is UAH 11.3 billion, or 13.4%, more than in 2015, when it was UAH 84.5 billion.

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