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Ukraine reduced the share of its debt in 2021.

Ukraine reduced the share of its debt in 2021.

Ukraine has no problems with the repayment of external debt.

 At the end of December 2021, Ukraine’s public debt amounted to UAH 2.36T ($86.6B), about 45.2% of the country’s projected GDP, reported the Ministry of Finance.  The total public and state-guaranteed debt at the end of 2021 amounted to UAH 2.67T ($97.95B). At the same time, the ratio of total debt to GDP decreased to 51.1% (subject to nominal GDP in 2021 amounting to UAH 5.2T). Of the total public debt, 45% is domestic debt (IGLBs), and 55% is external debt. The external debt consists of loans from international financial organizations (24.7% of total public debt), Eurobonds (26.5%) and other debt obligations. For comparison, Ukraine ended 2020 with a total obligation of UAH 2.6T ($90.25B). Of this, UAH 2.3T was public debt ($79.9B), or 53.9% of nominal GDP. Overall, in 2021, the share of debt decreased by 8.7%.

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