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Ukraine’s state debt in 2025 will exceed 100% of its Gross Domestic Product (GDP).
This forecast has been made public by the International Monetary Fund (IMF).
The IMF predicts that Ukraine’s state debt will rise to 88.1% of GDP by the end of this year, increase to 98.6% in the following year, and reach a peak of 100.7% in 2025. After that, the IMF believes that the state debt will start to decrease.
It was previously reported that Ukraine’s state debt increased by $4 billion in July, reaching a new historical record of $132.92 billion. The actual state debt amounted to 4.521 trillion hryvnia (93% of the total state and state-guaranteed debt) or $123.63 billion. This includes an external state debt of 3.05 trillion hryvnia or $83.41 billion and an internal debt of 1.47 trillion hryvnia or $40.22 billion.
Earlier, the IMF also disclosed its forecast for the exchange rate of the dollar to the hryvnia in the coming years. According to the IMF’s projections, the devaluation of the hryvnia may occur by the end of 2023, and by 2024, the dollar will cost 40 hryvnias.
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