04.12.2007, 20:41
Ukraine's State Debt Rises by 0.48%
OREANDA-NEWS. December 4, 2007. Ukraine's state direct and guaranteed debt expanded by 0.48% to $16.356 billion, the Ministry of Finance reported on its official website. As Ministry said, in October, state direct and guaranteed foreign debt amounted to $12.697 billion which constitutes up to 77.63% of the overall state direct and guaranteed debt. At the same time, state direct and guaranteed domestic debt stood at $3.658 billion. In January-October, Ukraine's state direct foreign debt increased by 0.33%, or $32.5 million, whereas state direct domestic debt grew by 5.21%, or $171.5 million. At the same time, guaranteed debt expanded by 7.05% or $201.6 million.
According to the report, Ukraine’s state direct foreign debt in ten months grew mainly due to hryvnia devaluation against euro, while
direct domestic debt was predetermined by the placement of the government domestic bonds. The growth of guaranteed debt is linked to the borrowing of $465 million in foreign loans against state guarantees by the State Road Service of Ukraine.
According to the report, Ukraine’s state direct foreign debt in ten months grew mainly due to hryvnia devaluation against euro, while
direct domestic debt was predetermined by the placement of the government domestic bonds. The growth of guaranteed debt is linked to the borrowing of $465 million in foreign loans against state guarantees by the State Road Service of Ukraine.
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