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successfully held 51 auctions. Currently, another 110 auctions with the total amount of UAH 1.19B are being closed. Last week, 12 successful auctions took place with a 280% increase from the lot starting price, from which the budget will receive more than UAH 160M. This week, 37 online auctions for state and communal property privatization are scheduled.
6.2 Debt
Ukraine’s national debt has increased to UAH 3.77T. The national debt of Ukraine for October 2022 increased by UAH 183.5B and, at the end of the month, amounted to UAH 3.771T, said Danylo Hetmantsev, head of the Verkhovna Rada Committee on Finance. In foreign currency, the debt is $103.1B, and the increase for October is $5B.
According to the government official, the main reason for the increase in the national debt in October is external borrowing to finance the budget deficit. In October, Ukraine received €2B in macro-financial assistance from the EU, €550M from the EIB, $1.3B from the IMF, and $0.5B from the World Bank. Since the beginning of the year, the state debt has increased by 41.1%, or by UAH 1,099B.
Ukraine must repay UAH100B in debt in November. The Ministry of Finance has published the schedule for monthly state debt payments under current contracts for November 1, 2022.
According to the ministry, the country must pay UAH152.2B ($4.17B) by the end of the year. Internal debt is UAH131.71B, external debt is UAH20.5B.
The coming payment comes due in November when Ukraine must return UAH 99.44B. Of this amount, the repayment of domestic state loan bonds (OVDP) and the interest payment amount to UAH 85.83B. In total, in 2022, Ukraine must pay creditors UAH608.76B, in which UAH520.85B is internal debt and UAH87.92B is external debt.
44 UKRAINE Country Report December 2022 www.intellinews.com