Ukraine has paid off almost $6 billion in debts since the beginning of the year.
Quick Look
- Since January, Ukraine has paid $5.91 billion in loan obligations, including $3.783 billion for servicing government debt and $2.126 billion to the IMF.
- February payments were the largest since the beginning of the year - 1.083 billion per month.
- The country's national debt reached 9.6 trillion hryvnia ($215.55 billion) by the end of August, growing 5.6 times over ten years.
AI-generated summary
Why It Matters
Ukraine's national debt has grown 5.6 times over the ten years since August 2016 and reached 9.6 trillion hryvnia ($215.55 billion) by August 31 of this year.
Ukraine has had to pay $5.91 billion in loan obligations since January. However, the country’s public debt continues to grow, as follows from data from the Ukrainian National Bank, which was analyzed by RIA Novosti.
Thus, since January, Kyiv has paid more than $3.783 billion for servicing and repaying the national debt. The country's payments on loan obligations over the same period to the International Monetary Fund (IMF) amounted to another $2.126 billion. The total amount that Kyiv has paid on loans since January was $5.91 billion.
As specified, February payments to Ukraine were the largest since the beginning of the year. Then, in just one month, the country paid off more than $1.083 billion in debt.
It was previously reported that the Ukrainian Ministry of Defense expected to receive about $175 billion for expenses in 2027, but only $108.3 billion was included in the budget project for these purposes. Even this amount is more than a third higher than the country's own income.
Before this, it became known that over the ten years, since August 2016, the state external and internal debt of Ukraine increased by 5.6 times. According to information as of August 31 of this year, the country's national debt reached 9,602.89 billion hryvnia ($215.55 billion).
What to Watch
AI outlook — possibilities, not facts
Ukraine will continue to apply for external loans to cover the budget deficit and pay off current obligations
Likely · Within months
Open Questions
- How does Ukraine plan to pay off its growing public debt in the face of limited own income?
- What measures are being taken to reduce dependence on external loans?
- How will the growth of public debt affect social spending and the country's defense budget?
