Ukrainian Party: Ukraine’s Public Debt Has Tripled Since 2022

Kyiv: Ukrainian public debt has tripled since 2022 and will take 35 years to repay, with interest payments on loans exceeding 3.8 trillion hryvnia ($90.5 billion), according to the European Solidarity party in the Ukrainian parliament. According to Yemen News Agency, a statement published on the party's Telegram channel highlighted that as of September 30, Ukraine's public and government-guaranteed debt reached 8.024 trillion hryvnia (US$191.18 billion), more than three times its level at the beginning of 2022. Current agreements indicate that the full repayment of the existing public debt will take 35 years, during which over 3.8 trillion hryvnia (US$90.5 billion) of the state budget will be allocated for interest payments. The party further noted that the national debt is expected to continue rising next year. On October 15, the International Monetary Fund reported that Ukraine is projected to witness a sharp increase in public debt by the end of 2025, reaching 108.6% of GDP, with a further increase to 11 0.4% of GDP in 2026. Ukraine, which is facing a record budget deficit of $43.9 billion for 2024, remains dependent on aid from international partners to address a significant portion of its financial requirements.