By KYIV. Sept 5 (Interfax-Ukraine) – The total public debt of Ukraine in August 2023 increased by 3.1% to a new historical maximum: in U.S. dollar terms – by $4 billion, to $132.92 billion, and in hryvnia – by UAH 146.2 billion, up to UAH 4.9 trillion, according to data on the website of the Ministry of Finance.
According to them, direct public debt increased by 3.3%, to $123.63 billion, or up to UAH 4.5 trillion, and amounted to 93.0% of the total amount of public and publicly guaranteed debt.
It is reported that external direct debt in August increased by 4.4%, or $3.52 billion, to $83.41 billion, while domestic direct debt increased by 1.1%, or UAH 15.8 billion, to UAH 1.5 trillion (equivalent to $40.22 billion).
The total external public debt of Ukraine in August 2023 increased by 4.1%, or by $3.58 billion, to $90.77 billion, while the total domestic debt increased by 1.0%, or by UAH 15.2 billion, to UAH 1.5 trillion.
As a result, the share of total external public debt rose to 68.3%.
According to the Ministry of Finance, the share of liabilities in euro at the end of August increased to 28.36%, in U.S. dollars – to 26.66%, while in hryvnia it decreased to 28.87%, in SDR – to 12.89%, in Canadian dollars – to 2.48%, while in yen and British pounds remained at the level of 0.72% and 0.02% respectively.
The agency also clarified that 64.86% of the public debt has a fixed interest rate, while 12.89% is pegged to the IMF rate, 7.85% to SOFR, 3.88% to EURIBOR, and 0.72% to TORF.
The rate of another 2.99% of the public debt is tied to the consumer price index, and 6.49% to the NBU key policy rate. We are talking about government bonds from the portfolio of the National Bank. The newest of them were papers linked to the key policy rate, which the NBU bought out as part of the issuance financing of the budget.
Finally, 0.31% of the public debt has a rate pegged to the Ukrainian index of rates on deposits of individuals used in portfolio guarantee programs.
