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Ukraine's public debt hits record high of $145.32 billion

TB (summary) January 31, 2024 18:30

Ukraine's external debt rose 42.3% to $101.7 billion, while domestic borrowings rose 13.3% to about $43.6 billion.

Công nhân sửa chữa đường dây điện tại Odessa, Ukraine. (Ảnh: AFP/TTXVN)
Workers repair power lines in Odessa, Ukraine

Interfax-Ukraine news agency reported on January 30 that Ukraine's total domestic and foreign debt in 2023 will reach a record high of 145.32 billion USD.

According to a report by the Ministry of Finance of Ukraine, in 2023, Ukraine's public debt will increase by 30.4%, equivalent to 33.9 billion USD.

Ukraine's external debt increased by 42.3% to $101.7 billion, while domestic borrowing increased by 13.3% to 1,656 billion hryvnia (about $43.6 billion).

In 2022, Ukraine's total public debt will increase by 13.7% to $111.45 billion.

Ukraine received $42.6 billion in loans and grants in 2023. The Ukrainian Finance Ministry estimates that the country will need more than $37 billion in external funding this year.

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    Ukraine's public debt hits record high of $145.32 billion