Ukraine's public and state-guaranteed debt fell by about UAH 17B in August

Ukraine's public and state-guaranteed debt fell by about UAH 17B in August

Ukrinform
In August 2020, Ukraine's total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion, to UAH 2,338.18 billion, the press service of the Ukrainian Finance Ministry reported.

"In August 2020, Ukraine’s total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion and amounted to UAH 2,338.18 billion (USD 85.1 billion in foreign currency)," the report reads.

At the same time, the public debt amounted to UAH 2,060.74 billion, having fallen by UAH 11.8 billion mainly due to a decrease in debt on domestic government bonds. The state-guaranteed debt decreased by UAH 5.1 billion due to a reduction in debt to the International Monetary Fund.

In August, the Ministry of Finance held four auctions for the placement of government bonds, attracting UAH 23.4 billion to finance the state budget, of which USD 250.5 million was raised in foreign currency.

The cost of paying off the public debt in August 2020 amounted to UAH 38.7 billion, and the cost of servicing the public debt - UAH 8.5 billion.

According to the results of the second quarter of 2020, the debt-to-GDP ratio was 50.8%, while the ratio of public and state-guaranteed debt to GDP was 57.6%.

As reported, in September, Finance Minister Serhiy Marchenko said that Ukraine intends to cut public debt by 3% in 2021.

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