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Ukraine's debts are growing rapidly against the background of the war with Russia
The growth occurred at the expense of the government, whose foreign debt added $10,5 billion and reached $98,3 billion.
In the fourth quarter of 2023, the volume of Ukraine's gross foreign debt increased by $10,6 billion to $161,5 billion. As a percentage of GDP, the debt increased from 89,3% to 90,7%. This was reported by Interfax-Ukraine with reference to data from the National Bank on Tuesday, March 26.
It is indicated that the growth occurred at the expense of the government, whose foreign debt added $10,5 billion and reached $98,3 billion, or 55,2% of GDP. External liabilities of the private sector increased by only $0,3 billion to $63,2 billion (35,5% of GDP).
"Such an increase in the national debt is connected with the net attraction of loans from international partners ($7,4 billion) and from the IMF ($0,6 billion), as well as the weakening of the dollar ($2,5 billion). At the same time, the external debt of the central bank decreased by $0,2 billion due to scheduled payments to the IMF - to $2,2 billion," the report said.
According to the regulator, the volume of external liabilities of other banks has practically not changed and amounts to $1,7 billion.
The external debt of other sectors of the economy decreased in the fourth quarter by only $0,1 billion to $40,3 billion: the reduction in external debt for trade credits ($0,6 billion) was offset by the increase in debt for credits and loans ($0,5 billion).
It is noted that the main currency of Ukraine's external borrowings as of the end of 2023 remained the US dollar - 47,7% of the total external debt. At the same time, its share decreased by 1,7% during the quarter. The share of SDRs (from 10,5% to 10,2%) and hryvnias (from 1,6% to 1,4%) also decreased, while the specific weight of liabilities in euros increased significantly (from 35,4% to 37,8 .XNUMX%).
