Ukraine's general state debt up 2.7% in April

10:39, 27.05.2013 1 min read

Ukraine's state (direct) and guaranteed debt grew by 2.7% or $1.819 billion in April, to $69.235 billion, the Finance Ministry reported last week.

According to the report, the overall state debt in January-April rose by 7.3%, or by $4.739 billion.

Growth in the debt is linked to the placement of 10-year eurobonds worth $1.25 billion and large borrowing on the government domestic loan bond market.

According to the ministry, overall domestic debt in April increased by 1.9% or $560 million, to $30.07 billion, while overall foreign debt grew by 3.3% or $1.26 billion, to $39.16 billion.

Guaranteed debt alone declined in April by $20 million, to $14.04 billion.

As reported, overall state debt in 2012 increased by 8.9%, from $59.216 billion. The Ukrainian authorities will have to repay about $9 billion on foreign debt in 2013.

Ukrainian authorities are to pay around $9 billion this year on foreign debts.