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Ukraine’s public debt in may fell by 1%

Госдолг Украины в мае сократился на 1% Publicly guaranteed debt at may 31 totaled 262,3 billion or $10 billion.

Total public (direct and guaranteed) debt of Ukraine in may has decreased 1% ($0,79 billion) to $76,26 billion (as of 31 may) compared to the previous month.

This reads the data from the Ministry of Finance.

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Public and publicly guaranteed debt at the end of may amounted to 1.9 trillion UAH, or $76.3 billion, against $ 2 trillion UAH, or $77,1 billion a month earlier.

The total amount of direct debt as of may 31 totaled UAH 1.7 trillion ($66.2 bn) against 1.8 trillion UAH ($66.7 billion) in April.

The direct external debt for the month decreased by $0.6 billion to 37.6 billion, while direct domestic debt decreased by UAH 6.1 billion to UAH 747,3 billion (in dollar equivalent to $28.6 billion).

Publicly guaranteed debt at may 31 totaled 262,3 billion or $10 billion.

Note that in April of this year decreased by 0.4% or $0.32 billion to $77 billion compared to the previous month.

As reported, Ukraine’s state debt in 2017 increased by 7.5% to us $76.3 billion equivalent, and 11% to 2.1 trillion – in the hryvnia equivalent, which is about 72% of GDP.

According to the Finance Ministry, the volume of payments on state debt of Ukraine will exceed 3 trillion UAH in the period up to 2045.

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