Ukraine’s State Debt Reaches All-Time High In 2023

Ukraine's combined internal and external state debt reached an all-time high of 145.32 billion U.S. dollars in 2023, the Interfax-Ukraine news agency reported Tuesday, citing official data.

Last year, Ukraine's debt increased by 30.4 percent, or 33.9 billion dollars, according to a report by the Ukrainian Finance Ministry.

In 2023, the country's external debt increased by 42.3 percent to 101.7 billion dollars, while internal borrowings were up by 13.3 percent to 1.656 trillion hryvnia (about 43.6 billion dollars).

In 2022, Ukraine's combined state debt rose by 13.7 percent to 111.45 billion dollars.

The Finance Ministry estimated earlier that Ukraine, which received 42.6 billion dollars in loans and grants in 2023, would require more than 37 billion dollars in external financing this year.
-XINHUA