“The State Bargrus of Ukraine reaches 87.9% of the expected GDP in 2024 – the Ministry of Financial and Guaranteed Debt of Ukraine reached $ 166.1 billion. The weighted average cost of debt decreased from 7.79% to 5.09%, and the term increased from 6.27 to 12.26 years.”, – WRITE ON: Unn.ua
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On December 31, 2024, the state and state debt guaranteed by the state was UAH 6.98, which is equivalent to $ 166.1 billion. In particular, state and guaranteed external debt reached UAH 5.05 trillion (72.3% of total debt) or $ 120.1 billion, while domestic debt – UAH 1.93 trillion (27.7%) or 46.0 billion US dollars.
According to preliminary calculations, Ukraine’s public debt to the expected GDP in 2024 is 87.9%
During the year, the amount of state and guaranteed debt of Ukraine increased by 1.46 trillion UAH ($ 20.7 billion), as stated “mainly as a result of an increase in long -term preferential financing from international partners.”
The largest source of budget financing in 2024 was the EU support: debt on preferential loans from the European Union increased by UAH 600.5 billion ($ 11.1 billion), and payments to the maintenance of this debt will be offset by EU countries.
There is a tendency to increase the terms of public debt and reduce its value. Thus, since 2022, the weighted average cost of debt decreased 1.5 times (from 7.79% to 5.09%), and the term doubled – from 6.27 to 12.26 years.
Regarding the structure of debt: 58% are preferential loans from international financial organizations and governments of foreign countries, 28% for securities of the domestic market, 12% – for external bonds, and 2% – loans from commercial banks and financial institutions.
In 2024, the Ministry of Finance held a 201 auction for the placement of government bonds, raising UAH 640 billion to cover the budget deficit. On December 31, 2024, the level of refinancing of market government bonds was 167%, in particular for hryvnia bonds – 200%, in US dollars – 115%, and in euro – 83%.
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