Gross external debt of Ukraine in 2014 decreased by 11.1%.
Gross external debt of Ukraine in 2014 decreased by $ 15.77 billion or 11.1% – up to $ 126.31, according to the National Bank of Ukraine. At the same time due to the devaluation of the hryvnia and downs of the economy, the ratio of gross external debt to GDP ratio has worsened over the past year from 75.4% of GDP to 96.5% of GDP.
«The financial and corporate sectors of the economy have reduced the amount of liabilities to non-residents by $ 19.1 billion, while public sector debt increased by $ 3.4 billion (up $ 35.1 billion) as a result of borrowing from international financial institutions», – said the National Bank of Ukraine.
The regulator said that the external debt of the Ukrainian banking sector at the end of 2014 was $ 18.7 billion, falling by $ 3.8 billion or 16.9% due to a decrease in long-term liabilities, including loans – $ 1.7 billion , bonds – at 0.7 billion, deposits and balances of non-residents – at $ 1.3 billion.
The external debt of other sectors of the economy decreased by 15.3 billion – to $ 72.5 billion as a result of the reduction of long-term loans – $ 7.0 billion and bonds – to $ 1.6 billion, as well as accounts payable in foreign trade operations – at $ 10 billion while arrears on unsecured loans increased by $ 2.7 billion.
According to him, the volume of short-term external debt at the end of 2014 was $ 55.1 billion, a decrease compared with the beginning of the year to $ 3 billion.
National Bank also indicates that the main currency of external debt of Ukraine as of January 1, 2015 remains the US dollar – 78.2%, while the share of liabilities in SDR (SDR) to the IMF increased from 5.1% at the beginning of the year to 6% by the end of the year. The share of foreign debt in local currency and Russian ruble remained insignificant – respectively 1.7% and 1.9% of the gross amount of the debt.