Such data is presented in the final analysis of the execution of the state budget for 2024, prepared by the Analytical Department of Forbes Ukraine. This amount encompasses not only the direct obligations of the state but also debts guaranteed by the government.
Structure and Reasons for Debt Growth
The majority (96%) is attributed to direct state debt, while debts guaranteed by the state account for only 4%. For comparison, in 2023, the state debt amounted to 5.5 trillion UAH, which was equivalent to 84% of GDP.
Throughout 2024, the state debt increased primarily due to significant domestic and external borrowings necessary for financing the budget in a wartime context. Additionally, the depreciation of the hryvnia against major world currencies contributed to the rise in the hryvnia equivalent of external debts.