Ukraine’s public debt rises by over $110 billion since 2022

Ukraine’s total public debt has more than doubled since the beginning of 2022. This includes both external and domestic liabilities.

As per Russian news agency TASS’ calculations based on data from Ukraine’s Finance Ministry, the total public debt of the warn-torn country has increased from $97.96 billion to $208.97 billion – up by $111.01 billion.

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Notably, the country’s external debt has witnessed the most significant increase, surging from $57.2 billion to $162.73 billion. This is said to be nearly three times its 2022 level.

Out of this, Ukraine owes nearly $10 billion to the International Monetary Fund (IMF), while the remaining amount is from various allied countries.

The rise in borrowing comes despite Ukraine receiving a substantial share of Western assistance, especially military aid.

Ukraine has a population of nearly 28 million. This means that each Ukrainian now effectively carries roughly $7,500 in public debt, as per the data from the Institute for Demography and Social Studies.