Ukraine's state debt was 28.8% up in January-April / Photo from uapress.info
Public and publicly guaranteed debt in January-April increased by 28.8% as compared with the beginning of the year, amounting to UAH 1.417 trillion as of May 1, and its growth is attributed to significant foreign borrowings and forex revaluations of the foreign currency denominated debt, according to the macroeconomic and monetary review by the National Bank of Ukraine (NBU), published on its website.
At the same time, the NBU noted that the amount of debt decreased in March and April due the strengthening of the hryvnia after a significant weakening in February, as well as the excess of payments on domestic and external guaranteed debt over the amount of new borrowings.
As UNIAN reported earlier, public and publicly guaranteed debt of Ukraine amounted to $67.347 billion as of April 30, 2015, up by $2.322 billion, or 3.6%, compared to the beginning of the month.
The total amount of public and publicly guaranteed debt in the hryvnia equivalent decreased by UAH 107 billion, or 7%, in April amounting to UAH 1.417 trillion.
In 2014, public and publicly guaranteed debt shrank by 4.53% to $69.794 billion in foreign currency, while it expanded by 1.9 times to UAH 1.101 trillion in the hryvnia equivalent.