Ukraine's national debt has risen to $160 billion.

This is reported by the Ministry of Finance.

In November 2024, Ukraine's debt increased by 231.12 billion hryvnias in hryvnia equivalent, and in dollar terms, the debt rose by 4.37 billion dollars. Since the beginning of the year, the state debt has grown by 1.125 trillion hryvnias or 14.43 billion dollars.

Borrowing in November

Funds amounting to 6.678 billion dollars were deposited into the government’s foreign currency accounts at the NBU in November. Of this amount:

• 4.788 billion dollars – from the World Bank (U.S. aid)


• 1.350 billion dollars from the United States;


• 235.0 million dollars – from Japan;


• 191.9 million dollars – from the placement of foreign currency government bonds;


• 99.9 million dollars – from South Korea;


• 12.9 million dollars – from other partners.

The average exchange rate increased over the month by 0.3% to 41.35 UAH/dollar.

Ukraine's State Debt

According to the Ministry of Finance, Ukraine's state debt is becoming cheaper and more long-term. Since the beginning of 2024, its average weighted cost has decreased by 21.8% – from 6.24% to 4.88%.

According to the press service, the average maturity of the state debt exceeds 11 years.

In terms of creditors, a significant portion of the state and guaranteed debt consists of concessional loans received from international financial organizations (IFOs) and foreign governments - 58%.

It should be noted that the expenditures of the general fund of the state budget from January to October 2024 amounted to 2.7 trillion UAH, which is 13.2% higher compared to the same period last year.

In 2025, Ukraine's state debt will exceed 100% of the gross domestic product for the first time. This year, the debt amount will be just 3-5% away from that mark. Moreover, in the coming years, it is forecasted that the debt will not drop below 100% of GDP.

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