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Ukraine's payments on state debt in 2017 estimated at UAH 240.9 bn

Ukraine's payments on state debt in 2017 estimated at UAH 240.9 bnUkraine's general payments on state debt in 2017 using national budget funds are estimated at UAH 240.897 billion. 30% of it or UAH 72.199 billion are payments on foreign debt, according to the state debt management program for 2017 approved by the Finance Ministry on January 31 and published last week.

According to the document, the figures are calculated, taking into account the existing payment schedules and forecast interest rates and currency exchange rates. The interest rates and currency exchange rates are not published.

The 2017 national budget was drawn up, taking into account average hryvnia exchange at UAH 27.20/$1. According to the Finance Ministry, as of late 2017, the national currency exchange rate will be UAH 27.80/$1.

The Finance Ministry said that this year payments on the domestic debt will be UAH 98.621 billion and foreign debt – UAH 30.938 billion.

The largest payment on domestic state debt will be the following: UAH 29.068 billion on 2013 government domestic loan bonds, UAH 24.702 billion on 2016 government domestic loan bonds, UAH 10.935 billion on 2014 government domestic loan bonds and UAH 9.213 billion on 2012 government domestic loan bonds.

The largest payments on foreign debt are the following: UAH 16.836 billion to the International Monetary Fund (IMF), UAH 7.305 billion to the International Bank for Reconstruction and Development (IBRD) and UAH 3.252 billion to the European Bank for Reconstruction and Development (EBRD).

Some UAH 11.338 billion will be used to service the state debt.

Ukraine's 2017 national budget will be financed using a wide range of UAH 190.797 billion worth of debt tools.

The share of tools with fixed rates will be 91.6% and with floating rate – 8.4%.

The government will borrow UAH 103.907 billion on the domestic market or 54.5% of total borrowing and UAH 86.89 billion on foreign markets or 45.5%, including UAH 16 billion from international financial institutions (IFIs).

The ministry anticipates that in 2017 the share of state foreign debt of total state debt will be 66.3%.
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