As of June 30, 2025, the total state and state-guaranteed debt of Ukraine reached 7.7 trillion hryvnias, which is equivalent to $184.84 billion. During June, liabilities increased by 181.7 billion hryvnias or $4 billion, which is an increase of 2.1%, informs Ministry of Finance.
External debt at the end of June amounted to 5.78 trillion hryvnias ($138.7 billion), which corresponds to 75% of the total debt portfolio. The share of domestic debt was 1.92 trillion hryvnias ($46.1 billion) – a quarter of all liabilities.
The main part of the debt – 96% (7.4 trillion hryvnias or $177.8 billion) – was accounted for by state obligations, of which external accounts amounted to 5.56 trillion hryvnias, and internal accounts – 1.84 trillion. The volume of state-guaranteed debt remained relatively small – 294.4 billion hryvnias ($7.1 billion), which is 3.8% of the portfolio.
Since the beginning of the year, the Ministry of Finance has spent 13 billion hryvnias more on servicing government bonds than it received from their placement. According to the NBU Depository, 190.84 billion hryvnias, $952.8 million and 475.7 million euros were allocated to the repayment of domestic debt securities.
Thus, the government spent 12.82 billion hryvnias more on repayment of previously placed bonds of the domestic state loan than it attracted from new placements, if calculated in equivalent terms at the NBU exchange rate. The highest yield of bonds placed at the June auctions was 17.80% per annum in hryvnia. Papers denominated in US dollars and euros were not placed during the month.
From the beginning of the full-scale invasion until June 30, 2025, the government of Ukraine raised 1.25 trillion hryvnias, $8.99 billion and 2.86 billion euros in primary auctions. During the same period, 865.65 billion hryvnias, $9.57 billion and 2.64 billion euros were allocated to the repayment of bonds.
