The gross external debt of Ukraine decreased by 0.2%

The gross external debt of Ukraine as of the beginning of April 2018 was $116,29 billion, down 0.25%, or $288 million, less than at the beginning of the year, according to the national Bank of Ukraine (NBU) on its website on Tuesday.

Валовый внешний долг Украины сократился на 0,2%

According to the Central Bank, the debt of public administration for the first quarter has grown on 0,39% — to $39,153 billion, obligations of the NBU decreased on 0,47% — to $7,403 billion Liabilities of the NBU and almost all government debt is represented by long-term borrowing.

Deposit of the Corporation in the reporting period increased the debt by 0.8% to $6,236 billion, other sectors decreased by 1.11% to $53,861 billion in liabilities on direct investments increased by 0.37% to $9,587 billion.

The lion’s share of the gross external debt is presented in USD 70.9 per cent. Another 13% is accounted for in euros and 11.8% in SDR (special drawing rights).

The national Bank also says that the net gross external assets by the beginning of April 2018 increased to $5,032 billion from $4,111 billion at the end of 2017.

As reported, the total state (direct) and guaranteed debt of Ukraine in April 2018 has declined by 0.41% or $0.32 billion, to $77,05 billion In the national currency, the national debt was reduced by 1.59%, or 32,62 billion UAH, – up to 2,021 trillion UAH.

With the beginning of the year total public (direct) and guaranteed debt in dollar terms increased by 0.97% or $0,74 billion, in local currency decreased by 5.64%, or of 120.7 billion.

The Finance Ministry predicts growth limit the size of government guaranteed debt by the end of 2018 to of 747.6 billion UAH 579,4 billion envisaged in the budget for 2017.

The maximum amount of government debt is not expected to exceed end-2018 1,999 trillion UAH, while by year-end 2017 the estimated size of the national debt should not exceed 1,824 trillion UAH.

According to estimates of the Ministry of Finance, the national debt by the end of 2018 should not exceed 2,756 trillion UAH.

The ratio of total public (direct) and guaranteed debt to GDP for 2017 decreased to 71,8% from 80.9 per cent. In particular, direct debt decreased to 61.5% from 69.2% of GDP, guaranteed – to 10.3% from 11.7% of GDP.

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