Ukraine’s state debt in 2015, down 6% in dollars and increased by 43% in the hryvnia equivalent

Total public and publicly guaranteed debt of Ukraine on 31 December 2015 $ 65,488 billion dollars that on 6,19%, or $ 4,324 billion, lower than at the beginning of the year.

As reported on the website of the Ministry of Finance, total public and publicly guaranteed debt in the hryvnia equivalent at that date amounted to 1,572 trillion USD, which is 42,78%, or 470,932 billion USD, more than in the beginning of the year.

Including in December last year, public and publicly guaranteed debt increased in USD by 0.52%, or 338 million in UAH equivalent by 1.01%, or $ 15,573 billion UAH.

According to the explanations on the website of the Ministry of Finance, the main reason for the reduction of the national debt for the year in dollar terms is the successful restructuring and debt public and publicly guaranteed external debt.

As for the rate in hryvnia equivalent, its annual growth, the Ministry of Finance explains the devaluation of the national currency whose exchange rate against the dollar rose to 24 UAH/USD. at the end of December 2015 with UAH 15.77/USD a year earlier.

It is also reported that in December 2015 within the framework of the state budget and in the accounting of public debt reflects the transfer of the local debt of the Kyiv city Council on external borrowings 2005 and 2011 in public debt in accordance with the decision of the Cabinet of Ministers of 18 December 2015.

The Finance Ministry stresses that at the end of 2015, the actual amount of the national debt was within acceptable limits according to the state budget of Ukraine for 2015.

As reported, public and publicly guaranteed state debt in 2014 fell by a 4.53% to 69,811 billion dollars in the currency and in UAH equivalent grew by 1.9 times — up to UAH 1,101 trillion.




Ukraine’s state debt in 2015, down 6% in dollars and increased by 43% in the hryvnia equivalent 02.02.2016

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Февраль 2nd, 2016 by
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