Ukraine’s gross external debt increased to $ 122.8 billion



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Ukraine's gross external debt exceeded 80% of GDP

Photo: National Bank (Vitaliy Nosach, RBC-Ukraine)

During the third quarter of 2020, Ukraine’s gross external debt increased by $ 0.2 billion, to $ 122.8 billion (compared to the beginning of the year, by $ 1.1 billion). In relation to GDP, the debt increased to 81.0% from 78.61% at the end of the second quarter.

This was reported on the website of the National Bank of Ukraine (NBU).

The increase in external debt was due to an increase in the external liabilities of the private sector of the economy, which increased by $ 1.4 billion (to $ 71.1 billion, or 46.9% of GDP), while the debt of the public sector decreased by 1,200 million dollars. billion dollars and amounted to 51.7 billion dollars (34.1% of GDP).

The external liabilities of the general government sector decreased by $ 1,000 million, to $ 44,900 million (29.6% of GDP) due to the following factors:

  • net payments of government bonds to nonresidents of $ 700 million;
  • net repayment of loans to the government in the amount of $ 600 million, including $ 0.2 million in loans from Standard-by, EFF; net payments of government bonds of $ 200 million.

The central bank’s external debt decreased by $ 171 million in the third quarter of 2020 and stood at $ 6.8 billion at the end of the third quarter of 2020 (4.5% of GDP).

The volume of external liabilities of the sector of other depository companies of Ukraine in the third quarter decreased by $ 0.2 billion – to $ 4 billion (2.7% of GDP).

The volume of external debt from other sectors of the economy during the third quarter of 2020 increased by $ 1.2 billion to $ 53.5 billion.

We recall, (NBU) has published a schedule of expected payments of external debt to non-residents in foreign currency. According to the plan, the government, the central bank, companies and banks for the IV quarter of 2020 must pay $ 5.834 billion.

As RBC-Ukraine reported, the state and state guaranteed debt of Ukraine as of October 31, 2020 amounted to 2,368.18 billion UAH or 83.27 billion USD.

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