Economy

Ukraine's state debt in U.S. dollars 1.4% up in July, by 0.69% in hryvnias

The total state (direct) and government-guaranteed debt of Ukraine in July 2017 increased by 1.4% or $1.05 billion, to $76.06 billion, the Ministry of Finance said on its website.

The state debt in the national currency rose by 0.69% or UAH 13.45 billion, to UAH 1.971 trillion.

Since the beginning of the year the total state (direct) and government-guaranteed debt in U.S. dollars has expanded by 7.17%, in the hryvnia by 2.14%.

According to the report, the state debt in July grew by 0.53%, to UAH 1.66 trillion (in dollars by 1/24%, to $64.04 billion), in particular external debt narrowed by 0.18%, to UAH 970.27 billion (in dollars it increased by 0.52%, to $37.44 billion).

The government-guaranteed debt in July rose by 1.53%, to UAH 311.46 billion (by 2.25% in U.S. dollars, to $12.02 billion), in particular external debt grew by 1.62%, to UAH 291.69 billion (by 2.34%, to $11.26 billion).

The ministry said the principal amount of the national debt is denominated in U.S. dollars - 40.28%, another 31.7% in the hryvnia, 19.36% in special drawing rights, and 7.49% in euros. In addition, less than 1% of the state debt is denominated in Canadian dollars and yen.

The official hryvnia exchange rate used by the Finance Ministry to calculate the debt fell to UAH 25.92/$1 from UAH 26.10/$1 or by 0.7%, while by late 2016 it was UAH 27.191/$1.

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