The Ministry of Finance of Ukraine predicts a decrease in the level of public debt from 105% to 97% of GDP in 2025, which in monetary terms will amount to 8.2 trillion hryvnias. This was announced by Minister of Finance Serhiy Marchenko during a briefing.
The official emphasized that, although such a figure is significant, it is important to take into account the circumstances in which Ukraine is. He recalled that due to hostilities, the financial challenges associated with the debt are assessed primarily from the perspective of its serviceability and gradual reduction. The minister noted that Ukraine has already successfully restructured its liabilities, reducing the state debt by 40%. This allows you to avoid catastrophic consequences and focus on maintaining financial stability.
“We expect the reduction of the state debt from 100.5% to 97% next year. In nominal terms, the debt is expected to be at the level of 8.2 trillion hryvnias. Of course, these are significant indicators. But we must not forget that we are a warring country, so at this at this stage, the issue of debts is only in the context of the possibility of their servicing and repayment. You know that we have successfully restructured, written off almost 40% of our debts, so at this stage I would not pay attention to the debt as something that is scary.”, – said Marchenko.
We will remind that Ukraine completed the restructuring of government bonds and guaranteed Eurobonds for a total amount of 20.5 billion US dollars, which allowed to reduce the debt by approximately 9 billion dollars. The move would save $11.4 billion over the next three years and about $22.8 billion by 2033.
