Ukraine’s total public debt in June 2020 increased 2.7% in hryvnia, to Hr 2.269 trillion, and in U.S. dollars – 3.5%, to $85.01 billion, the Finance Ministry said on July 28.
“During June 2020, the amount of state and state-guaranteed debt of Ukraine increased in hryvnia equivalent by Hr 59.71 billion and in U.S. dollars by $2.89 billion,” the Finance Ministry said.
A smaller increase in debt in hryvnia in June is associated with the strengthening of the national currency that month to Hr 26.69/$1 (today it is Hr 27.76/$1), at the same time as compared to the beginning of the year, when the hryvnia exchange rate was Hr 23.69/$1, the national currency significantly devalued.
As a result, in the first half of the year, Ukraine’s national debt in hryvnia increased by 13.6%, or Hr 270.88 billion, while in U.S. dollars its growth was only 0.8%, or $0.65 billion.
The Finance Ministry said that since the beginning of the year, Ukraine’s external national debt has grown by $2.16 billion, to $51.12 billion, including in June – by $2.16 billion.
As reported, in June Ukraine received the first tranche of $2.076 billion from the IMF under the Stand-By Arrangement and related financing from the EU in the amount of 500 million euro.
