This is reported by RBK-Ukraine referencing data from the Ministry of Finance. Additional information comes from Kontrakty.UA.
Throughout 2024, Ukraine's debt increased by 26.5% in hryvnia equivalent (by 1.461 trillion hryvnias), while in dollar terms, the debt rose by 14.3% (by 20.74 billion dollars). The difference is attributed to a 10.7% rise in the dollar exchange rate.
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%.
As per the ministry's press service, the average maturity of state debt exceeds 11 years.
In terms of creditors, the lion's share of state and guaranteed debt consists of concessional loans obtained from international financial organizations (IFOs) and foreign governments - 58%.
Borrowing in 2024
For the year 2024, Ukraine allocated 57.5 billion dollars for financing the state budget. Of this, 15.8 billion dollars came from the placement of government bonds. The remaining amount (41.9 billion dollars) was received by Ukraine in the form of long-term concessional loans and non-repayable assistance (grants).
The IMF forecasts that in 2025, Ukraine's state debt will exceed 100% of the gross domestic product for the first time. In the coming years, it is expected that the debt will not fall below 100% of GDP.