The total public and publicly guaranteed debt of Ukraine at the end of December 2016 amounted to 70,97 billion, down 8.3%, or of 5.47 billion dollars more than at the beginning of the year.
In the hryvnia equivalent, the total public and publicly guaranteed debt at the end of December amounted to UAH 1,930 trillion, 22.7%, or 357,58 billion UAH more than at the beginning of the year.
The rate of public debt complies with the limits established in the state budget of Ukraine at the end of 2016 at the level of 1,946 trillion UAH.
Given estimates of nominal GDP of Ukraine for the year 2016, released by the National Bank of Ukraine at the level of 2,358 trillion UAH, the rate of public debt at year-end amounted to 81.8% of GDP.
According to the Ministry of Finance, in December the sum of public and publicly guaranteed debt in dollar terms grew by 5.1%, or by 3.43 billion in the hryvnia equivalent by 11.6%, or 200,84 billion.
Previously, experts predicted that the rate of public debt of Ukraine for the year will reach 82% of GDP, a third annual increase, according to their estimates, due to the nationalization of the largest Bank PrivatBank, for the capital increase which the government issued bonds of domestic Treasury bonds in the 107 billion.
We will remind, public and publicly guaranteed debt in 2015 in dollar terms decreased by 6.2% – up to 65,488 billion U.S. dollars, or up to 1,572 trillion in the hryvnia equivalent, which accounted for about 80% of GDP.