Ukraine's national debt decreased by $2.36 billion in March
In March 2026, Ukraine’s government and government-guaranteed debt, measured in dollar terms, decreased by $2.36 billion, although it increased in hryvnia terms.
This was reported by the Ministry of Finance.
Overall, the debt increased by 21.83 billion hryvnias and stood at 9.23 trillion hryvnias, or $210.82 billion, as of March 31.
External debt rose to 6.96 trillion hryvnia ($158.9 billion), while domestic debt rose to 2.01 trillion hryvnia ($45.98 billion).
The Ministry of Finance explained that the decrease in debt in dollar terms despite an increase in hryvnia terms is due to currency fluctuations. Part of the obligations was repaid, and the exchange rate change led to a revaluation of the debt in the national currency.
External debt accounts for the largest share of the debt structure—over 75%, while domestic debt accounts for about 22%. State-guaranteed debt accounts for nearly 3%.
The bulk of the borrowings consists of concessional loans from international partners—over 65%. Domestic government bonds account for nearly 22%.
The weighted average interest rate on the debt has fallen to 4.52%, and the average maturity exceeds 13 years, indicating a reduction in the cost and an extension of the debt portfolio.
The NBU has seta record for reserves and will transfer over 146 billion UAH to the budget.
As a reminder, the NBU may revoke MTB Bank’s license.
