Ukraine's state debt grows by 7.7%, to US$84.36 bln in 2019

However, the debt in the hryvnia equivalent shrank by 7.8%.

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Ukraine's state and government-guaranteed debt, estimated in U.S. dollars, grew by 7.7%, or by US$6.05 billion, to US$84.36 billion in 2019.

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The debt in the hryvnia equivalent over the period under review shrank by 7.8%, or by UAH 170.17 billion, to UAH 1.998 trillion, according to the Ukrainian Finance Ministry's website.

The state debt in U.S. dollars in December alone rose by 1.9%, while the amount in the hryvnia equivalent grew by 0.4%.

In particular, the strengthening of the hryvnia, Ukraine's national currency, is behind the fluctuation of the debt indicator, the ministry said.

The debt-to-GDP ratio as of January 1, 2020, was 50%, the report said.

UNIAN memo. Ukraine's state and government-guaranteed debt in 2018 increased in dollar terms by US$2.02 billion, or 2.6%, to US$78.32 billion.

The country's public debt in the hryvnia equivalent increased by UAH 26.94 billion, or 1.3%, for this period, to UAH 2.169 trillion.

The debt-to-GDP ratio in 2018 fell to about 62.7%, from 71.8% in 2017.

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