Ukraine continues responsible management of public debt in the conditions of a full-scale war. Thanks to the systematic support of international partners and the balanced debt policy of the Government, the Ministry of Finance ensures a decrease in the cost of debt service, strengthening the financial stability of the state.
As of March 31, Ukraine’s public and state-guaranteed debt amounted to UAH 9,233.03 billion, or $210.82 billion. Of this amount, public external debt is UAH 6,959.18 billion (75.37%), or $158.9 billion. USA, state domestic debt – 2,013.89 billion UAH (21.8%), or $45.98 billion. State-guaranteed debt is 259.96 billion UAH (2.82%), or $5.94 billion.
In March, the amount of state and state-guaranteed debt of Ukraine increased by 21.83 billion UAH, while in dollar equivalent it decreased by $2.36 billion. In particular, state external debt increased by 28.16 billion UAH, to 6,959.18 billion UAH ($158.9 billion), state domestic debt also increased by 4.27 billion UAH and as of March 31 amounted to 2,013.89 billion UAH ($45.98 billion). At the same time, state-guaranteed debt decreased by UAH 10.6 billion: external debt decreased by UAH 11.08 billion, while domestic debt increased by UAH 0.49 billion.
The decrease in debt in dollar terms and the increase in hryvnia equivalent is explained by the impact of the currency factor. Part of the obligations was repaid, which reduced the total amount of debt in foreign currency. At the same time, due to changes in exchange rates at the end of the month, the currency component of the debt was revalued, as a result of which its hryvnia equivalent increased.
In the structure of creditors of state and state-guaranteed debt, preferential loans received from international financial organizations and governments of foreign countries prevail – 65.4%. The share of government securities placed on the domestic market is 21.8%, on the external market – 9.2%, while loans from commercial banks and other financial institutions – about 3.6%.
The weighted average interest rate on public debt as of the end of March was 4.52%, compared to 4.53% in February 2026 and 6.2% a year earlier. The weighted average maturity was 13.07 years (13.23 years in February 2026 and 11.7 years in February 2025). Thus, in annual terms, the debt portfolio has become cheaper and more long-term, which reduces servicing costs and refinancing risks.
In the currency structure of public and state-guaranteed debt, the largest share is the euro – 44.08%, followed by the US dollar (22.74%) and the hryvnia (20.94%). The shares of special drawing rights are 9.12%, other currencies – 3.12%. (Finance Ministry)