Finance Ministry: Ukraine's state debt 3.6% up in July 2012

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Aug. 23, 2012, 8:02 p.m. | Ukraine — by Interfax-Ukraine

Ukrainian Finance Minister Yuriy Kolobov (centre)

The total state (direct and guaranteed) debt of Ukraine in July 2012 grew by 3.6%, or $2.148 billion, to $62.174 billion due to the placement of eurobonds worth $2 billion this month, the Finance Ministry reported on Thursday, Aug. 23.

According to the ministry, over the first seven months of 2012 the total state debt increased by 5%, or by $2.958 billion.

Ukraine's total state debt in 2011 increased by 9.1%, or $4.918 billion. The ministry forecasts that the correlation of Ukraine's total state debt and GDP in 2012 could decrease by 1.3 percentage points, to 34.9%.

According to the State Treasury Service, in January-July 2012 the level of placing government domestic loan bonds was Hr 49.49 billion, another Hr 15.9 billion was obtained through the sale of eurobonds, due to which the plan for the seven months (Hr 66.51 billion) was almost entirely fulfilled (Hr 65.48 billion). At the same time, the sale of government domestic loan bonds in July fell to Hr 780 million against Hr 13.3 billion in June, when government domestic loan bonds worth Hr 8 billion were placed.

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