Ukraine's public debt rises 4.1% in June

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July 23, 2011, 9:11 a.m. | Business — by Interfax-Ukraine
Ukraine's combined state debt (direct and guaranteed) rose 4.1% in June to $60.178 billion, yet another all-time high, the Ukrainian Finance Ministry reported. The debt increased 10.8% in the first six months of the year from $54.297 billion as of January 1.

Overall domestic state debt rose by 4.9% in June 2011, by 12.3% in January-June 2011, to $21.945 billion, while overall foreign state debt grew by 3.6% and 10% respectively, to $38.232 billion.

As was reported, Ukraine's combined state debt denominated in U.S. dollars in 2009 increased by 61.9%, or by $15.214 billion and in 2010 by another 36.4%, or $14.476 billion.

Ukraine's government estimated the state debt at 39.6% of GDP as of the end of 2010 and projects its growth to 44.2% of GDP in 2011.
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