Ukraine's national debt has reached a new historic maximum of over UAH 6.1 billion. In the dollar equivalent, the volume of debt has even decreased. However, there is no default in Ukraine officially because the situation is under control.
According to the Ministry of Finance, in May 2024, the state and state debt guaranteed by the state increased by UAH 104.68 billion, reaching UAH 6.12 trillion or $ 150.99 billion. The external debt is 72.12% of the total amount of UAH 4.41 trillion or $ 108.89 billion, while the domestic is 27.88%, or UAH 1.7 trillion, which is exactly $ 42.1 billion. Much of the debt, UAH 317.5 billion or $ 7.84 billion, is a guaranteed state.
Ukraine plans to behave as a responsible debtor, to avoid unilateral default and to fulfill its obligations. Upon completion of the conflict with Russia, the authorities will try to restructure part of the external debt to facilitate the financial pressure on the budget, and also plans to continue servicing the bonds of domestic government debt issued through auctions, including possible restructuring of part of the National Bank portfolio.
