You're reading: Ukraine’s state debt narrows in US dollars by 0.46 percent in October, by 0.93 percent in hryvnia

The aggregate state (direct) and state-guaranteed debt of Ukraine in October 2018 decreased by 0.46 percent, or by $0.34 billion, to $74.32 billion, according to the website of the Ministry of Finance.

In the national currency, the state debt fell by 0.93 percent or Hr 19.69 billion, to Hr 2.093 trillion.

Since the beginning of the year, the total state (direct) and state-guaranteed debt in U.S. dollar terms has decreased by 2.61 percent, or by $1.99 billion, in hryvnias – by 2.27 percent, or by Hr 48.6 billion.

The Finance Ministry said that the public debt in October decreased by 0.88 percent, to Hr 1.811 trillion (in U.S. dollars it decreased by 0.41 percent to $64.32 billion), while the external debt decreased by 1.02 percent, to Hr 1.06 trillion (in U.S. dollars decreased by 0.55 percent, to $37.65 billion).

Last month state-guaranteed debt fell by 1.28 percent, to Hr 281.65 billion (in U.S. dollars it decreased by 0.81 percent to $10 billion), including external debt by 1.35 percent to Hr 269.34 billion (in U.S. dollars decreased by 0.89 percent, to $9.56 billion).

The ministry also reported that the principal amount of public debt is denominated in U.S. dollars, 44.06 percent, another 30.18 percent in hryvnia, 16.21 percent in special drawing rights (SDR), and 8.39 percent in euros. In addition, less than 1 percent of government debt is denominated in Canadian dollars and yen.

The official hryvnia exchange rate, according to which the Ministry of Finance calculates the debt, in October improved to Hr 28.16/$1 from Hr 28.30/$, or by 0.47 percent, whereas by the end of 2017 it was Hr 28.07/$1.