You're reading: Ukraine’s state debt down by Hr 38.7 billion, or by $1.2 billion

The total public debt of Ukraine in March decreased in hryvnia by Hr 38.68 billion, to Hr 2.514 trillion, in dollars – by $1.24 billion, to $90.17 billion, the Ministry of Finance said on the website.

“As of the end of March 2021, the total government and government-guaranteed debt in the national currency amounted to Hr 2.514 trillion ($90.17 billion in equivalent). Compared to the previous month, the state and publicly guaranteed debt of Ukraine decreased in hryvnia equivalent by Hr 38.68 billion, and by $1.24 billion in dollar terms,” the ministry said in a release.

At the same time, public debt decreased by Hr 28.91 billion ($906.4 million), to Hr 2.234 trillion ($80.14 billion), of which external debt is 54.2% (including 21.2% of the total amount are loans from international financial organizations, 28.9% – eurobonds).

The state-guaranteed debt fell by Hr 9.77 billion ($33.4 million), the Finance Ministry said.

“The share of public debt in hryvnia at the end of March 2021 increased to 39.8%,” the Finance Ministry said.

“In March 2021, the Ministry of Finance held 29 auctions for the placement of government bonds, attracted Hr 44.4 billion to finance the state budget,” the report says.

According to the ministry, payments for repayment of the state debt in January-March this year amounted to Hr 106.9 billion, for servicing – Hr 37.4 billion.