Ukraine's public debt has almost doubled in 2021-2024.
In April 2024, Ukraine's public debt amounted to 92% of the country's gross domestic product (GDP).
Forbes Ukraine reports this, citing data from its own analytical department.
Journalists write that Ukraine's public debt currently amounts to almost 7 trillion hryvnia. Of this amount, the country's direct debt accounts for 96% of the estimated volume and 4% is accounted for by debts guaranteed by the state.
Analysts indicate the dynamics of public debt growth for the period from 2021 to 2024. According to the publication's analytical center, the total debt amounted to 2.67 trillion hryvnia, or 49% of GDP.
Since the beginning of the full-scale invasion of the Russian Federation into Ukraine, the amount of borrowing began to grow in order to finance the “martial law budget”. Already in 2023, analysts established that the total volume of public debt has already exceeded 5.5 trillion hryvnia, or 84% of GDP.
Journalists point out that the growth of debt is also due to the weakening of the hryvnia against the world's leading currencies. This fluctuation led to an increase in the hryvnia scale of debts in foreign currency.
Earlier it was reported that the Verkhovna Rada wants to increase expenses on prosecutors' salaries by UAH 3 billion.
