Ukraine’s state debt has increased by another $4.3B.

As of November 30, Ukraine’s state and state-guaranteed debt amounted to UAH 3.929T or $107B, according to the Ministry of Finance. During November, the amount of debt increased in hryvnia equivalent by UAH 158.7B and in dollar equivalent by $4.34B. Since the beginning of the year, the deficit has increased by 47.1% or UAH 1.257T and by 9.7 % in foreign currency, or $9.51B. According to Danylo Hetmantsev, head of the parliamentary committee on tax and fiscal policy, the main reason for the increase in November’s state debt was external borrowing to finance the budget deficit. In particular, two-thirds of the rise in the national debt for the last reporting month is due to long-term preferential loans from the EU, mainly €2.5B of macro-financial assistance.