The state and state-guaranteed debt of Ukraine in June increased by $ 1 billion – to $ 92.52 billion, but decreased in national currency by $ 2.36 billion – to 2.514 trillion hryvnia, according to data from the Ukrainian Ministry of Finance.
As of June 30, 2021, the state and state-guaranteed debt of Ukraine amounted to UAH 2,514.36 billion, or $ 92.52 billion, including external debt – UAH 1,476.69 billion (58.74% of the total public debt) , or $ 54.34 billion; internal debt – 1,037.67 billion hryvnia (41.27%), or $ 38.18 billion, the ministry said in a statement.
In June, according to the Ministry of Finance, the total amount of debt decreased in hryvnia equivalent by 2.36 billion hryvnia, and in dollar terms – increased by exactly $ 1 billion.
At the end of May, the state and state-guaranteed debt of Ukraine increased by $ 190 million, but decreased in hryvnia by 17.57 billion.
According to the June calculations of the National Bank of Ukraine, in the next 12 months, foreign exchange payments on the state and state-guaranteed debt will amount to more than $ 10 billion, reports the Ukrainian portal UBR. The regulator noted that the repayment of the principal and interest from July to December 2021 is expected at over UAH 130 billion, the schedule of Ukraine’s debt payments in the coming years “will remain tense.”
Earlier, on June 17, the Minister of Finance of Ukraine Sergey Marchenko said that the Ministry of Finance is facing the task of doing everything possible to pay off $ 3 billion of debts to other countries, including the United States, in September, and service borrowings in the domestic and foreign markets.
In 2020, Ukraine and the International Monetary Fund (IMF) signed a memorandum, which spoke of a one and a half year standby loan program in the amount of $ 5 billion.Then Ukraine received the first tranche – $ 2.1 billion. However, when the IMF launched a fast financing mechanism in connection with the coronavirus , and the countries urgently requested help, Ukraine did not receive another trance. The reason for this was the country’s failure to comply with the fund’s requirements.