Ukraine public debt down 4.5% in foreign currency, doubles in hryvnia over year
The total amount of public and state-guaranteed debt in hryvnias increased by 1.9 times in 2014, reaching UAH 1.101 trillion, according to the information on the Web site of the Ukrainian Finance Ministry.
As of the end of the last year, the total amount of debt was $69.794 billion, which is $3.315 billion or 4.53% less as compared to the beginning of 2014, the ministry figures show.
As UNIAN reported earlier, in November the national debt of Ukraine denominated in foreign currency decreased by 5%, and increased by 10% in the hryvnia equivalent, exceeding UAH 1 trillion.
The trend for a reduction in state debt as denominated in foreign currency continues, but when estimated in the hryvnia equivalent the size of the state debt has increased due to the devaluation of the national currency.