As of August 31, 2024, the state and state-guaranteed debt of Ukraine amounted to UAH 6,371.7 billion or USD 154.7 billion. This was reported by the Ministry of Finance, and the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Hetmantsev, clarified that in August the state debt decreased thanks to the restructuring of Eurobonds.
According to Hetmantsev, August became one of the rare months in 2024 when the public debt decreased both in hryvnia and in dollar terms. A similar decrease was recorded earlier only in January of this year.
In August, Ukraine attracted new loans on the domestic market through OVDP and on the foreign market, including $4 billion from the EU under the Ukraine Facility program. As Hetmantsev noted, the August figures already take into account the results of the restructuring of Eurobonds, under which new bonds were issued with better conditions for Ukraine. As a result, the state debt under Eurobonds decreased by 4.5 billion dollars.
“In general, in August, the state debt in hryvnia decreased by 0.34% (-2.16 billion hryvnias), in currency equivalent – by 0.42% (-0.66 billion dollars)”Hetmantsev noted.
He also indicated the structure of the national debt as of the end of July 2024:
- 75.2% of the debt is accounted for by external debt and currency government bonds, while 24.8% — by hryvnia debt (before the war, this figure was 65.1% and 34.9%, respectively).
- 72.5% — external debt, 27.5% — internal (before the war — 61% and 39%, respectively).
- 58.1% are external official loans (including 28.4% from the EU).
- 26.4% — OVDP, 9.8% — Eurobonds (including those guaranteed by the state).
- 5.1% — other debt.
