13:27 03.12.2014

Ukraine pays $2.8 bln on liabilities pegged to foreign currency in Jan-Nov 2014, says finance ministry

2 min read
Ukraine pays $2.8 bln on liabilities pegged to foreign currency in Jan-Nov 2014, says finance ministry

Ukraine paid $5.345 billion from the national budget to service and pay out direct state debt in foreign currency in January-November 2014, including $2.807 billion for domestic debt and $3.538 billion for external debt, reads a posting on the website of the Finance Ministry of Ukraine.

According to the report, payments from the national budget in foreign currency over the period came to $7.068 billion, including $723 million for guaranteed state debt.

The ministry said that payments from the national budget required fulfilling government-secured liabilities of Pivdenne Design Bureau ($130.7 million), Lviv regional directorate for anti-flood protection ($1.1 million), Ukrkosmos State Enterprise ($54.9 million), financing of Infrastructure Projects State Enterprise ($123.4 million), public joint-stock company Lysychanskvuhillia ($6.1 million), Ukravtodor ($389.1 million) and Ukrmedpostach ($17.9 million).

According to the report, the National Bank of Ukraine (NBU) in January-November 2014 paid $2.413 billion to the International Monetary Fund (IMF), and Naftogaz Ukrainy paid $1.67 billion on 2009 eurobonds, and taking the said sums into account, the total payments for state debt in foreign currency reached $11.151 billion.

The ministry said that total borrowing to the national budget in foreign currency came to $7.344 billion in January-November 2014, including $713.4 million on the domestic market and $6.631 billion on the foreign market.

In addition, NBU raised $1.596 billion from the IMF.

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