As of September 30, 2024, Ukraine’s public and guaranteed debt amounted to UAH 6,409 billion, or USD 155.7 billion. Of this amount, the external public and guaranteed debt constituted UAH 4,613 billion (72% of the total), equivalent to USD 112.1 billion, while the internal debt stood at UAH 1,796 billion (28%), or USD 43.6 billion.
Increase in debt
During the third quarter of 2024, the total volume of Ukraine’s public and guaranteed debt grew by UAH 241 billion in hryvnia equivalent, and by USD 3.5 billion in dollar terms. The main reason for this increase was the rise in long-term concessional financing from international partners, particularly from the EU under the Ukraine Facility financial instrument.
Decrease in debt cost
Ukraine’s public and guaranteed debt is becoming cheaper and more long-term. From the beginning of 2024 to September 30, the weighted average cost of debt decreased by 21.8% — from 6.24% to 4.88%. The average maturity of the public debt exceeds 11 years.
Debt structure
In terms of creditors, the lion’s share of the public and guaranteed debt consists of concessional loans obtained from international financial organizations (IFOs) and foreign governments — 58%. Issued securities on the domestic market account for 27%, those on the external market for 12%, and loans from commercial banks and other financial institutions make up 3%.
Currency structure
In terms of the currency structure of public and guaranteed debt, the share of euro is 36%, hryvnia 25%, US dollar 24%, special drawing rights (SDRs) 11%, while other currencies, including pounds sterling, Canadian dollars, and Japanese yen, account for 4%.
Thus, the situation with Ukraine’s public and guaranteed debt continues to remain under control, particularly due to international support and the optimization of the debt obligations structure.
