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Why did the national debt increase by $1.01B in August, and to whom does the state owe the most?

Why did the national debt increase by $1.01B in August, and to whom does the state owe the most?

Flag of Ukraine against the Cabinet of Ministers of Ukraine building

According to the Ministry of Finance, Ukraine’s state and state-guaranteed debt increased by $1.01B in August because the state budget received the seventh tranche of €1.5B of macro-financial assistance from the EU. With that, at the end of the month state and state-guaranteed debt amounted to $133.93B.

The largest portion of the debt comprises loans from international financial organizations and foreign governments (45.23%). This is followed by borrowing on the domestic market through the sale of government securities (30.21%). In August, the Ministry of Finance held 15 bonds auctions and raised ₴27.25B. The share of debt from securities issued on the foreign market is 18.1%, and other creditors account for 6.46% of the debt.

At the same time, since the beginning of the year, the value of state and state-guaranteed debt has decreased by 0.71 percentage points to 6.97%.

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