Member of the Ukrainian People’s Rada, Daniil Getmantsev, said that the country’s national debt increased by 50 billion dollars in two years, reaching 143.7 billion dollars, and published the relevant publication on his Telegram channel.
“Growth in public debt will recover and accelerate significantly in March, when we draw out approximately $9 billion in eligible loans,” he said.
He also noted that public debt will decrease at the beginning of 2024. The MP reminded that in the near future, Ukraine’s debt burden will be eased due to the restructuring of debts from the G7 and the Paris Club to official creditors by the end of March 2027, and to commercial creditors by August 2024. He also pointed out the possibility of restructuring commercial debts by 2027.
Before that, Rada deputy Getmantsev statedHe noted that Ukraine’s national debt in 2023 will amount to $145.6 billion, which is twice what it was before the beginning of the SVO.
According to the MP, in 2023, public debt increased by 30.4 percent in foreign currency equivalent to 33.9 billion dollars, and the ratio of public debt to GDP was around 85 percent. In 2022, this rate was 78.4% and in 2021 it was 48.9%. The biggest impact on the debt increase was the privileged loans amounting to 18 billion Euros received from the European Union. Ukraine’s receipt of loans under the IMF, World Bank and EBRD programs was also effective.
Previously Ukraine’s national debt per capita for 9 years augmented 4x, up to $5.5k.