Ukraine state debt grew by 59%

During 2009, total public and publicly guaranteed debt of Ukraine has increased by UAH equivalent to 112 billion 018.014 million UAH. (By 59.14%) - up to $ 301 billion 428.4 mln. or 37 billion U.S. $ 749.33

This is reported on the official website of the Ministry of Finance of Ukraine.

According to the report, increasing the amount of public debt occurred primarily through the issuance of bonds of internal state loan to increase the authorized capital stock and Naftogaz of Ukraine “(amounting to 44 billion USD., or 39.3% increase in debt) and to replenish the Stabilization Fund (amounting to 4,7 billion UAH., or 4,2%), receiving the second tranche of the International Monetary Fund (amounting to 36.9 billion UAH., or 32,9%), receiving the first Software World Bank loan for rehabilitation of the financial sector (amounting to 3,2 billion UAH., or 2,9%) and growth rates of foreign currencies to UAH (amounting to 5,8 billion UAH., or 5,2%).

According to the Ministry of Finance, on December 31, 2009 public and publicly guaranteed external debt amounted to 196 billion 295 million UAH 489.41. (65.12% of the total public and publicly guaranteed debt), or 24 billion 583 million 029.37 thousand dollars; public and publicly guaranteed domestic debt - 105 billion 132 million UAH 919.41. (34.88%), or 13 billion 166 million 301.74 thousand dollars

state debt of Ukraine on 31 December 2009 amounted to 211 billion 622 million UAH 388.29. (70.21%), or 26 billion 502 million 490.73 thousand dollars.

Article 11 of the Law of Ukraine “On State Budget of Ukraine for 2009″ is set to limit the public debt of Ukraine in the amount of 193 billion 076 million 747.3 thousand UAH.

The Finance Ministry reported that the excess of the actual level of public debt over the limit is 18 billion 545 million 641 thousand UAH. and called as the implementation of government borrowing in accordance with Article 85 in the amount greater than the number required in addition 2 to the Law of Ukraine “On State Budget of Ukraine for 2009″ and the actual growth rate of foreign currencies against the forecast that were used in planning the state budget.

also reported that the public external debt amounted1000to 120 billion 552 million UAH 311.52. (39,99%), or 15 billion 097 million 346.48 thousand U.S. State domestic debt was 91 billion 070 million UAH 076.77. (30.21%), or 11 billion 405 million 144.25 thousand dollars

State Guaranteed Debt of Ukraine amounted to 89 billion 806 million UAH 020.53. (29.79%), or 11 billion 246 million 840.38 thousand dollars, including: guaranteed external debt - 75 billion 743 million UAH 177.89. (25,13%), or 9 billion 485 million 682.89 thousand dollars; guaranteed internal debt - 14 billion 062 million UAH 842.64. (4,5%), or 1 billion 761 million 157.49 thousand dollars

This state foreign debt has increased by 34 billion 529 million UAH 209.73. (40.14%), mainly due to the IMF loan tranche (worth 36.9 bln.) And the growth rates of hryvnia ($ 3 bln.) Internal debt - 46 billion 403 million 529.18 thousand UAH. (103.89%), mainly through the issuance of Government Bonds to increase the authorized capital of banks and Naftogaz of Ukraine “(amounting to 44 billion USD.).

State Guaranteed Debt of Ukraine increased by 31 billion 085 million UAH 283.09. (52.94%), which is associated both with changes in exchange rates (amounting to 2.8 bln.), And obtaining a second tranche of the IMF loan (amounting to 10.1 bln.) And the issuance of bonds NAC ” Naftogaz of Ukraine “under the state guarantees (the amount of 12,8 bln.).


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