Friday08 November 2024
rating.net.ua

In September, the national debt increased by 32.3 billion UAH, according to the Ministry of Finance.

As of September 30, 2024, the state and state-guaranteed debt amounted to 6.4 trillion UAH.
Государственный долг в сентябре увеличился на 32,3 млрд гривен, сообщает Министерство финансов.

During September 2024, the total state and state-guaranteed debt of Ukraine increased by 32.31 billion UAH (0.5%), which is equivalent to an increase of $0.87 billion.

This was reported by the Ministry of Finance.

According to the ministry, as of September 30, 2024, Ukraine's state and state-guaranteed debt amounted to 6,404.00 billion UAH, or $155.56 billion.

In particular, the external state and state-guaranteed debt was 4,612.99 billion UAH (72.03% of the total), or $112.06 billion; the internal state and state-guaranteed debt was 1,791.01 billion UAH (27.97%), or $43.51 billion.

Regarding the volume of purely state debt in Ukraine, it was noted that it stood at 6,117.02 billion UAH, or $148.59 billion.

Moreover, according to the chairman of the parliamentary committee, September was one of the few months when the increase in state debt was driven by borrowings in the domestic market (+40.5 billion UAH), while the external debt, albeit minimally, decreased (-8.9 billion UAH).

This trend was explained by the intensified engagement of the Ministry of Finance in OVDP auctions to finance the increased budget deficit due to growing security and defense sector needs.

Getmansev reminded that in September, the volumes of OVDP placements were the largest since the beginning of the year: 72.4 billion UAH equivalent was raised at OVDP placement auctions in all currencies, which is 2.5 times more than in August. At the same time, payments for OVDP redemption in September amounted to 26.5 billion UAH.

According to his data, the structure of the state debt (as of the end of September) was as follows:

  • 74.8% – debt in foreign currency (external + foreign currency OVDP), 25.2% – debt in UAH (before the war 65.1% to 34.9%).
  • 72% – external debt, 28% – internal (before the war 61% and 39% respectively);
  • 58.4% – external official loans (including the EU – 28.4%), 26.9% – OVDP, 10.3% – Eurobonds (including state-guaranteed ones), 4.4% – other liabilities.

He also noted that in October, a continuation of the trend towards significant growth in internal state debt is expected, as the National Bank introduced a number of decisions on October 11 that will stimulate banks' participation in OVDP placement auctions and, accordingly, their involvement in financing the budget deficit.

Background. Earlier, Mind reported that Ukraine reduced its state debt by $9 billion due to the restructuring of Eurobonds. The restructuring of Eurobonds amounting to $20.5 billion will reduce the debt burden by 93% over the next three years.