Page 38 - UKRRptOct19

The government also plans to attract investors to state-owned banks, to cut the state share in the banking sector to 20%, from over 50% today.
6.2 ​Debt
DEBT 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E*
External debt (US$bn, 80 101.7 103.4 117.3 126.2 134.6 142.1 126.3 118.7 113.6 124.2 eop)
External debt (% of 55.8 55.3 91 86.1 77.4 77.3 79.1 96.2 130.4 121.7 126.6 ann'd GDP, eop)
FX reserves (US$bn, 32.5 31.5 26.5 34.6 31.8 24.5 20.4 7.5 12.4 11.9 15.6 eop)
FX reserves (% of 22.6 17.2 23.3 25.4 19.5 14.1 11.4 5.7 13.6 12.8 13.3 ann'd GDP, eop)
External debt / FX 2.5 3.2 3.9 3.4 4 5.5 7 17.7 9.6 9.5 8.0 reserves (x, eop)
FX reserves imports 5.6 3.9 5.9 6 4.1 2.9 2.5 1.3 3.3 3.6 3.3 cov (months)
Source: ICU
Ukraine’s state and state-guaranteed debt declined 0.6% m/m to $81.9bn in August​, the Finance Ministry reported on September 27. State domestic debt declined 1.2% m/m to $31.9bn, while state foreign debt dropped 0.3% m/m to $39.8bn. State-guaranteed debt stayed flat at $10.2bn. In UAH terms, overall state debt stayed flat at UAH2,067bn (58% of 2018 GDP). “State domestic debt declined in August as the amount of redeemed local bonds exceeded receipts from newly placed bonds. In particular, MinFin paid bondholders UAH12.6bn and $123.5mn. Meanwhile, receipts from new placements amounted to UAH7.5bn,” Evgeniya Akhtyrko of Concorde Capital said in a note. “The state repayments on the loans from the commercial foreign banks, European Union, the European Investment Bank, and the IMF resulted in decline of state foreign debt. We project state and state-guaranteed debt will reach $80.8bn in 2019, or around 53% of GDP (vs. $78.3bn, or 61% of GDP, in 2018).”
Almost one-third of next year’s state budget will go for servicing and repaying Ukraine's public debt,​ Finance Minister Oksana Markarova told the Rada. By the end of 2020, Ukraine’s debt to GDP ration is to fall to 46.7%, she said. The draft budget is based on 3.3% GDP growth, slightly higher than the forecast for this year.
Ukraine’s government plans UAH141.7bn ($5.8bn) in external borrowing to finance 2020 state budget gap​, Finance Minister Oksana Markarova tells Bloomberg News in Facebook message. Final amount may change depending on domestic issuance Total borrowing including domestic sources envisaged in
38​ UKRAINE Country Report​ October 2019 ​ ​www.intellinews.com