Ukraine’s Sovereign Debt Increased 3.1% in April

Ukraine’s state debt, including guarantees, rose 3.1 percent in April as the government increased domestic borrowing, the Finance Ministry said.

Sovereign debt increased to USD 58.17 billion as of April 30 from USD 56.42 billion a month earlier, the ministry said on Wednesday 8th June in a statement from the capital, Kiev.

Domestic debt rose to USD 19.22 billion from USD 18.56 billion at the end of March, the ministry said. Obligations to foreign creditors climbed to USD 24.33 billion from USD 24.06 billion, according to the statement. Ukraine’s state debt rose 7.1 percent in the first four months of 2011 as the government sold Eurobonds and domestic bonds to cover the budget deficit.

Source: Bloomberg