The national debt of Ukraine continues to grow. In March, the amount increased by 143.2 billion

The national debt of Ukraine continues to grow.  In March, the amount increased by 143.2 billion


According to the results of March 2023, the sum of the state and state-guaranteed debt of Ukraine in hryvnia equivalent increased by UAH 143.23 billion, and in dollar terms – by $3.92 billion. Focus writes about this with reference to the Ministry of Finance.

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The growth of the national debt

As of March 31, the national debt amounted to UAH 4.38 trillion, or $119.91 billion. For example, the external debt amounts to UAH 2.87 trillion (65.47% of the total amount), or $78.51 billion. At the same time, domestic the debt is UAH 1.51 trillion (34.53%) or $41.4 billion.

Note that the USA previously agreed to provide $9.9 billion in grants to the Ukrainian budget in 2023. Meanwhile, the EU will provide 18 billion euros of macro-financial assistance in the form of soft loans.

By the way, our country will be settled with all the credits of the European Union as part of the financial support during the war for 35 years. So, in February 2023, the Deputy Minister of Finance of Ukraine, Olga Zykova, called the distribution of how Ukraine will give loans to international partners an even distribution.

Read: The national debt has exceeded $116 billion: what should Ukraine talk to creditors about?

“The EU provides such conditions that the loan repayment period is 35 years, and the interest will be covered by our European partners instead of Ukraine. This is one of the examples of how partners understand our country’s debt load,” she noted.

Let’s remind

In August 2022, it became known that the government managed to agree with creditors on the postponement of foreign debt payments until 2024. The owners of about 75% of Ukraine’s foreign bonds worth about $20 billion agreed to debt restructuring. The corresponding decision entered into force on August 11.

Read: Ukraine’s public debt grew to 78.5% of GDP in an hour (infographic)

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Source: Ministry of Finance

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