The national debt of Ukraine for the month decreased by $600 million

Госдолг Украины за месяц сократился на $600 млн

Ukraine has reduced the national debt in dollar terms, but increased in hryvnia

In July, the state debt declined by 0.7% to 75,71 billion. In the hryvnia equivalent increased to 2 026 trillion hryvnia.

In July the total public debt of Ukraine decreased by 0.7 %, or of 0.59 billion dollars to 75,71 billion. This is stated on the website of the Ministry of Finance.

In the national currency, the national debt has increased by 1.38%, or 27,64 billion UAH – to UAH 2,026 trillion.

With the beginning of the year total public (direct) and guaranteed debt in dollar terms has decreased on 0,78%, or $0,59 billion in the national currency – by 5.42%, or 116,01 billion.

The Finance Ministry said that public debt in July increased by 1.06% to 1.75 trillion UAH (in dollars has decreased on 1,08% – to $65,42 billion), including external – on 2,15%, to UAH 1,004 trillion (in dollars has decreased on 0,01% – to $of 37.51 billion).

Publicly guaranteed debt last month increased by 3.51% to 275,27 billion ($1.32% to $10,29 billion), including external – 3,8%, to 262,1 billion ($1.6%, to $9.8 billion).

The Ministry also clarified that the principal amount of debt denominated in US dollars – 42,02%, even 31,47% in local currency, of 16.86% in special drawing rights, 8,49% – in euros. In addition, less than 1% of debt is denominated in canadian dollars, and yen.

The official hryvnia exchange rate, which the Finance Ministry expects the debt, in July fell to to 26.76 UAH/$1 UAH 26,19/$1, or 2.16%, while by the end of 2017, he was 28,07 UAH/$1.

Note, the Finance Ministry expects to reduce the debt to GDP ratio to 49% at the end of 2020. He is now at 61%.

As it was reported to cover the payment of the national debt, every Ukrainian has to chip in $ 1,800.

 

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