![Ukraine’s public debt gets more than 10% cheaper since year-start - finance ministry Ukraine’s public debt gets more than 10% cheaper since year-start - finance ministry](https://static.ukrinform.com/photos/2018_12/thumb_files/630_360_1545154481-916.jpg)
Ukraine’s public debt gets more than 10% cheaper since year-start - finance ministry
This was reported by the press service of the Ministry of Finance of Ukraine, reports Ukrinform.
"During the second quarter of 2024, the total volume of the state and state-guaranteed debt of Ukraine increased by UAH 243.7 billion in hryvnia equivalent, and by $1.1 billion in dollar equivalent mainly as a result of an increase in long-term concessional financing from international partners," the report says.
It is noted that as of June 30, 2024, the state and state-guaranteed debt of Ukraine amounted to UAH 6,168 billion, or $152.2 billion.
That’s including state and state-guaranteed external debt in the amount of UAH 4,456.4 billion (72.3% of the total volume of state and state-guaranteed debt), or $109.9 billion; state and state-guaranteed domestic debt at UAH 1,711.6 billion (27.7%) or $42.2 billion.
The Ministry of Finance notes that the debt rose mainly due to the growth of long-term preferential financing from international partners.
At the same time, the weighted average value of the state and state-guaranteed debt of Ukraine decreased by 10.3% from the beginning of 2024 – from 6.24% to 5.6%.
Soft loans from international financial organizations and foreign governments make up the largest share of the debt structure at 54%.
Domestic securities account for 27%, foreign securities – for 16%, and loans from commercial banks and other financial institutions – for 3%.
Regarding the currency structure, 35% of the debt is denominated in euros, 26% in U.S. dollars, 25% in hryvnias, 10% in SDR, and 4% in other currencies.
As reported by Ukrinform, in the first quarter of 2024, the public debt increased by $5.7 billion.