Ukraine’s public debt will exceed 100% of GDP in 2024. Telegram channel reports this Klimenko Clock.
“This is stated in the explanatory note on the draft state budget of Ukraine, which the Cabinet of Ministers has already submitted to the parliament for consideration,” the publication says.
It was announced that the amount of public debt will be 8.18 trillion hryvnia, or 104.6% of GDP.
It was previously reported that Ukraine’s public debt will increase as of July 31, 2023. exceeded 132 billion dollars, which equals 4,860.59 billion hryvnia.
As of July, state and state-guaranteed external debt amounted to 3,319.19 billion hryvnia or 90.77 billion dollars. It is also stated that the national debt increased by 4 billion dollars in July.
Formerly International Monetary Fund (IMF) guess Ukraine’s public debt will rise to 88.1% of GDP in 2023, 98.6% in 2024 and 100.7% in 2025. The organization’s forecasts state that after 2025, Ukraine’s public debt level is expected to decline, reaching 99.5% of GDP in 2026 and 98.4% in 2027. At the same time, the IMF estimated that in 2022 the Ukrainian government’s debt would be 78.5% of GDP.
Previously happened It is known how many conditions Ukraine fulfills to join the EU.