Ukraine's state debt shrinks to over $76 bln in Oct


Ukraine's state and government-guaranteed debt shrank by 1%, or US$0.75 billion, to $76.29 billion in October 2017, according to the Ukrainian Finance Ministry's website.

Photo from UNIAN

The debt in the hryvnia equivalent over the period under review increased by 0.2%, or UAH 3.59 billion ($132.2 million), to UAH 2.047 trillion ($75.4 billion), it said.

Read alsoUkraine's debts: Annual foreign debt repayments to exceed $7 bln in 2018-2021The country's state debt in January-October 2017 grew by 7.5% ($5.32 billion) in the dollar equivalent or by 6.1% (UAH 116.97 billion/$4.3 billion) in the hryvnia equivalent.

As UNIAN reported earlier, the total amount of Ukraine's state and government-guaranteed debt in 2016 increased by 8.3%, to $70.97 billion, while in the hryvnia equivalent, it grew by 22.7%, to UAH 1.930 trillion ($71.1 billion), which is in line with the annual state budget limits.

Taking into account the National Bank's estimates of Ukraine's nominal GDP at UAH 2.358 trillion ($86.8 billion), the state debt accounted for 81.8% of GDP at the end of the year.

Ukraine's national budget for 2017 projects the maximum state and government-guaranteed debt at UAH 2.296 trillion ($84.5 billion) by the end of the year.