The Cabinet of Ministers predicts that by the end of 2026, the national debt of Ukraine may increase to the level of 106% of GDP. This is discussed in the explanatory note to draft law No. 14000, published on the website of the Verkhovna Rada.
According to the government’s calculations, the maximum amount of public debt at the end of 2026 will amount to 10.47 trillion hryvnias, which is equal to 101.6% of GDP. At the same time, the maximum volume of state-guaranteed debt is forecast at the level of UAH 455.95 billion, or 4.4% of GDP.
It is expected that by the end of 2026, in the structure of the national debt, internal obligations will make up 19.9%, while external – 80.1%. In the next year, state borrowings in the amount of 2.43 trillion hryvnias are planned, of which external ones will amount to 2.01 trillion, and internal ones – 419.57 billion hryvnias.
Debt repayment payments are planned in the amount of UAH 656.82 billion, including external – UAH 132.36 billion and internal – UAH 524.46 billion. Expenditures for servicing the state debt in 2026 are forecast at the level of UAH 513.12 billion, of which UAH 190.35 billion is external debt and UAH 322.77 billion is domestic debt.
We remind you that as of July 31, 2025, the total state and state-guaranteed debt of Ukraine amounted to 7.77 trillion hryvnias (186.13 billion dollars in equivalent). Thus, for the month, debt obligations increased by UAH 76.92 billion, or $1.29 billion.
