The Ministry of Finance announced the reduction of the national debt

Минфин заявил о сокращении госдолга

The Finance Ministry reported, as has the national debt

The total public debt of Ukraine in January of the current year decreased by $ 70 million to 78,25 billion.

Total public and publicly guaranteed debt of Ukraine in January of current year has decreased on 0,09%, or $70 million, compared to December 2018 – to $78,25 billion, reported the press service of the Ministry of Finance on Monday, February 25.

The hryvnia, Ukraine’s state debt increased by 0.15%, or 3.29 billion UAH – up to 2,172 trillion.

The Finance Ministry said that the direct public debt in January rose by 0.33% to 1,866 trillion UAH (in dollars – on 0,08%, to $67,25 billion), including external – on 0,23%, to 1,102 trillion UAH (in dollars has decreased on 0,02% – to $39.7 billion).

Government guaranteed debt for the previous month decreased by 0.9% to 305,36 billion ($1.14% to $11 billion), including external – on 0,89%, to 295,17 billion ($1.13 per cent, to $10.63 billion).

The Ministry also said that the main amount of debt (43,58%) is denominated in US dollars, of 29.43% in local currency, 16,73% in special drawing rights, 9,15% – in euros. In addition, less than 1% of debt is denominated in canadian dollars, and yen.

Official exchange rate of hryvnia, which the Ministry of Finance calculated the debt in January eased to 27,76 UAH/$1 UAH from 27.69/$1, or 0.24%. The ratio of total public (direct) and guaranteed debt to GDP of Ukraine for 2018 decreased to 62.7% from 71,8%.

The Finance Ministry called an “unprecedented” amount of repayment of debt in 2019

Recall that in late January the Ministry placed bonds for a record amount.

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